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Landbay reduces rates across two and five-year fixed rate products 

Buy-to-let lender Landbay has reduced rates across the majority of its two-year and five-year fixed rate products by as much as 0.10%. 

The 10 basis point reduction covers the entire two-year fixed range, except large HMOs/MUFBs and tracker products. Rates now start at 4.24% at 75% loan-to-value (LTV) with a 6% fee. 

The five-year range sees the same reduction, with rates starting at 4.74% at 75% LTV with a 7% fee – although zero fee products are also available. The only exceptions in the five-year fixed range are large HMOs/MUFBs, as well as two standard five-year fixed options – one with a £1,299 fee and another with a 2% fee – which are reduced by 0.5%. 


It follows recent moves by Landbay to add new two-year fixed and tracker options to its like-for-like remortgage range, as well as lower stress testing on the range to just pay rate. All the products are available for intermediaries to view and compare using Landbay’s buy-to-let affordability calculator. 

Leading products: 

· Standard 2 Year fixed @ 4.24% 75% LTV 6% Fee (was 4.34%) 


· Standard 2 Year Fixed @ 5.89% 75% LTV 3% Fee (was 5.99%) 

· Standard 5 Year Fixed @ 4.74% 75% LTV 7% Fee (was 4.84%) 

· Standard 5 Year Fixed @ 6.39% 75% LTV 0% Fee (was 6.49%) 


· Standard 2 Year Fixed @ 4.44% 55% LTV 5% Fee (was 4.54%) 

· Standard 5 Year Fixed @ 4.99% 55% LTV 5% Fee (was 5.09%) 

Rob Stanton, sales and distribution director at Landbay, said: “Even in the current climate, fixed-rate deals remain the product of choice for the majority of landlords. We’re pleased to help brokers answer this demand with a reduction on our two-year and five-year fixed products. Making sure our products are as competitive as possible and cover all bases ensures brokers are in the best possible position to answer any demand in the market.


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