The BTL platform says the loan-to-value ratio is 75% for these products and includes its variable fee structure, of between 2% and 3% for increased affordability around the interest coverage ratio. 

It adds that new standard two-year fixed-rate loans have been introduced at 4.94% with a 3% fee, and 5.44% with a 2% fee, both are up to 75% LTV.  

Highlights up to 75% LTV include:    

• A small HMO/MUFB two-year fix, at 5.19%, with a 3% fee 
• A small HMO/MUFB two-year fix, at 5.69%, with a 2% fee 
• A small HMO/MUFB five-year fix, at 5.79%, with a 3% fee  
• A small HMO/MUFB five-year fix, at 5.99%, with a 2% fee  
• And a large HMO/MUFB two-year fix, at 6.29%, with a 2.5% fee 

Landbay business development director Rob Stanton says: “With swap rates continuing to edge downwards, we have been able to react quickly and reduce rates yet again.” 

He adds that the firm’s broker portal, launched last summer, allows it “to make product changes swiftly. This means our rates can reflect what is going on in the money markets almost straight away.”