Landbay has reduced rates by 0.05% across 18 Premier buy-to-let products and launched a new 2-year tracker product transfer option with no early repayment charges.
Landbay has announced a further round of rate cuts across 18 Premier buy-to-let products.
The lender has reduced rates by 0.05% across 5-year fixed-rate products available up to 75% LTV for purchase and remortgage, including AVM and product transfer options.
Premier is Landbay’s range of standard and HMO products for borrowers with up to 15 mortgaged properties. It is available to both individual and limited company landlords.
The reductions include purchase and remortgage 5-year fixes, with a zero-fee option now available at 5.40% and a 5% fee option available at 4.40%.
Remortgage AVM 5-year fixes now include a 1% fee option at 5.20% and a 5% fee option at 4.40%.
Remortgage free valuation 5-year fixes include a zero-fee option at 5.44% and a 5% fee option at 4.44%, while product transfer 5-year fixes include a 1% fee option at 5.29% and a 5% fee option at 4.49%.
Landbay said all Premier products continue to offer variable fee options, from either zero or 1% up to 5%.
The lender has also launched a new 2-year tracker product transfer option within the Premier range, with no early repayment charges and available up to 75% LTV. The product comes with a 3% fee and is priced at Bank Base Rate plus 0.44%.
The latest rate cuts follow Landbay’s launch last week of new Premier remortgage AVM products, as well as product transfer tracker products within its Core and Specialist ranges.
Rob Stanton, sales and distribution director at Landbay, said: “Funding conditions and pricing have continued to improve over recent weeks and, as a result, we have been keen to pass them into our product pricing.
“While markets remain capable of moving quickly in either direction, the current environment has given us another opportunity to reduce rates across a significant part of our Premier range, building on the changes we made last month to the Premier range but also building on our recent new product launches.
“Alongside competitive pricing, advisers (and their landlord clients) have told us they want greater levels of choice and flexibility, particularly as borrowers continue to review existing portfolios as well as new opportunities.
“Our focus remains on giving advisers the product options they need to recommend the most suitable solution for each client, whether they are purchasing, refinancing or simply looking to secure a better outcome at product maturity.”