Landbay has reduced rates on more than 50 buy-to-let products, including a 0.40% cut to selected 75% LTV 2-year fixed-rate mortgages.
Landbay has announced a series of rate reductions across its Premier buy-to-let range, including cuts of up to 0.40% on selected 75% loan-to-value (LTV) 2-year fixed-rate products.
The lender has reduced pricing on more than 50 products within the Premier range, which is available to individual and limited company landlords with up to 15 mortgaged properties. The range includes both standard buy-to-let and house in multiple occupation (HMO) products.
The largest reductions have been applied to Landbay’s 75% LTV Premier 2-year fixed-rate products, where rates across 10 products have been cut by 0.40%. Following the changes, rates now start from 3.39% with a 5% fee and rise to 5.89% for a fee-free option.
The lender has also reduced rates across its 75% LTV Small HMO 2-year fixed-rate range by 0.30%. Products now start from 4.59% with a 3% fee and 5.59% with no fee. In addition, rates on 23 Premier remortgage 5-year fixed-rate products, which include a free valuation, have been reduced by up to 0.20%.
Landbay has also cut rates by 0.15% across 21 Premier 5-year fixed-rate products at 75% LTV covering purchase, remortgage, product transfer and Small HMO borrowing. Selected products include rates from 4.59% with a 5% fee and 5.62% with no fee.
Rob Stanton, sales and distribution director at Landbay, said: “These latest changes represent a significant enhancement to our Premier range and provide brokers with even more competitively-priced options across a broad range of landlord requirements.
“While the headline reduction is the 40 basis point cut to our 75% LTV two-year fixed-rate products, we have also made meaningful reductions across our Small HMO, remortgage and five-year fixed-rate ranges. This ensures advisers can access strong pricing whether they are supporting purchase, remortgage, product transfer or specialist property cases.
“Our focus remains on providing brokers with choice, flexibility and value. By making reductions across more than 50 products, we are seeking to support advisers and their landlord clients with a comprehensive range that remains competitive across multiple sectors of the buy-to-let market.”