"With the great news of a cut to interest rates, we’re pleased to follow suit by announcing further rate reductions across our range"
Landbay has announced rate reductions of up to 0.30% across its buy-to-let product range.
The biggest reductions can be found in Landbay’s small HMO/MUFB range, where rates now start at 5.04% for a small HMO/MUFB five-year fixed rate product, available at up to 75% LTV.
Rates on the lender's limited edition range, which includes AVM-supported products, have been reduced by 0.20%. Standard five-year fixed rate products, available up to 75% LTV, now start at 4.69%.
Trading company products, designed for landlords looking to purchase property from within an existing trading company, have also seen reductions of up to 0.20%.
Rob Stanton, sales and distribution director at Landbay, said: “With the great news of a cut to interest rates, we’re pleased to follow suit by announcing further rate reductions across our range including our most popular products. With landlords still active in the market and exploring investment opportunities, we want to be supporting our broker partners to help make those purchases happen and ensure they are well positioned to answer any and every demand.
“Alongside rate reductions, we continue to leverage our technology, our talented team and our broad funding model to make sure our product range is competitive and in tune with what the market wants and needs. This will continue to be the case as we push on into 2025 as we support a dynamic and resilient buy-to-let market.”
