Landbay has dropped the rates across its limited edition standard five-year fixed rate product range by 0.10% with rates now starting at 5.05%.

Limited Edition standard five-year fixed rates

• 70% LTV 5.05% (was 5.15%) – 7% fee
• 75% LTV 5.25% (was 5.35%) – 6% fee
• 75% LTV 5.85% (was 5.95%) – 3% fee
• 75% LTV 6.05% (was 6.15%) – 2% fee
• 75% LTV 6.05% (was 6.15%) – £1,499 fee

Landbay business development director Rob Stanton says: “Being an agile fintech lender means we’ve been able to react quickly to market changes as swap rates have come down.

He adds: “As our broker portal has been built in-house and is managed by our own team, we can make systems changes in minutes rather than days or weeks. This means we can stay competitive and move fast when the opportunity to reduce rates arises.