Landbay has made further rate reductions across its standard fixed product range while Aldermore has added limited edition products within its buy-to-let (BTL) range.
Landbay has reduced rates by as much as 0.40% on its standard two-year fixed products, available at up to 75% loan-to-value (LTV).
In addition, the 55% LTV standard two-year fixed options have seen a reduction of as much as 0.30%.
The new non-portfolio range of five-year fixed rate products, which launched last week, has also been reduced by 0.15%.
The lender has also launched two new standard two-year fixed options.
The first is available at up to 55% LTV with a 3% fee, while the second is up to 75% LTV with a 2% fee.
Product highlights include: • Non-portfolio Standard 5 year fixed up to 75% LTV rates from 4.24% • Standard 2 year fixed up to 75% LTV rates from 4.19% • Standard 5 year fixed up to 75% LTV rates from 4.34%
Landbay sales and distribution director Rob Stanton says: “Ahead of today’s base rate decision, we are really pleased to be able to make further cuts across our product range, as well as launch two brand new products.”
Elsewhere, Aldermore has launched a five-year fixed rate 75% LTV with different fee options of 0%, 1.5% and 5% for individual and company landlords with both single and multi property residential investment portfolios.
Individual and company landlords with single residential investment properties rates include: • 5 year fixed 5.79% with zero fee to 75% LTV • 5 year fixed 5.49% with 1.50% fee to 75% LTV • 5 year fixed 4.79% with 5% fee to 75% LTV
Multi property for individual and company landlords with residential investment properties, rates include: • 5 year fixed 5.69% with zero fee to 75% LTV • 5 year fixed 5.39% with 1.50% fee to 75% LTV • 5 year fixed 4.69% with 5% fee to 75% LTV
Aldermore director of property distribution Jon Cooper says: Jon Cooper, director of property distribution at Aldermore, comments: “We’re pleased to be introducing our latest wave of limited edition products to provide landlords with more mortgage choice.”
