Landbay launched eight five-year fixed-rate products at 70% loan-to-value (LTV) within its premier range, alongside a 0.15% rate reduction across its premier small HMO two-year fixed products.
The new premier additions include both standard and remortgage AVM products and are all available with a range of fee options including zero, 2%, 3% and 5%.
Selected new premier five-year fixes include rates starting from 4.52% with a 5% fee, to 5.52% with a zero fee, with additional options available at 2% and 3% fee levels.
Equivalent remortgage AVM products are available at the same pricing.
Premier is a range of standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers.
The lender has also reduced rates across its 75% LTV two-year fixed small HMO products, including product transfers.
Following the reductions, the two-year 75% LTV fixes now start from 4.74% with a 3% fee, to 5.74% with a 1% fee, while product transfer equivalents are available from 4.79% with a 3% fee and 5.79% with a 1% fee.
Landbay sales and distribution director Rob Stanton says: “The market continues to place a strong emphasis on value and certainty, particularly for landlords looking to secure longer-term fixed rates at lower LTVs.”
“By introducing these new 70% LTV five-year fixes, we are giving brokers additional options to support that demand with a clear and flexible pricing structure.”
“At the same time, we know that Small HMOs remain an important part of many landlord portfolios, often requiring a more tailored approach. Reducing rates across these products, including for existing borrowers through PT options, ensures advisers have competitive solutions available for both new and refinancing cases.”
