"We need to make sure our product range is there for those landlords and the many brokers that support them."
- Rob Stanton, sales and distribution director at Landbay
Landbay has announced rate reductions of up to 0.20% across its buy-to-let product range.
Standard two-year fixed rate products have seen the biggest reduction, with rates now starting at 3.59% up to 75% LTV. The 0.20% reduction also includes the AVM-supported range of standard two-year fixed rate products.
Standard five-year fixed rate products – available up to 55% LTV - have been cut by 0.10%.
Other reductions include Landbay's range of non-portfolio products, which are suitable for landlords with three or less mortgaged properties.
Landbay has also made recent reductions across its small HMO/MUFB products, with rates down by up to 0.15%. All products are available using Landbay’s variable fee structure for enhanced affordability.
Rob Stanton, sales and distribution director at Landbay, said: “After kicking off the year by expanding our popular limited edition range to include remortgage and new purchase options, it’s great to be able to announce rate cuts across our product range. Landlords continue to show their resilience and respond to investment opportunities across the country. As a lender, we need to make sure our product range is there for those landlords and the many brokers that support them.
“Alongside rate cuts to make sure our product range is competitive as possible, we will continue to introduce new products and prioritise innovation to help brokers answer the demands of landlords of all sizes and requirements. It promises to be an exciting year ahead at Landbay as we continue to strengthen our proposition.”
