Landbay has reduced rates across its core and specialist buy-to-let ranges by up to 20 basis points.
The lender has cut rates across products in both ranges, with reductions applying to standard buy-to-let as well as specialist lending areas including holiday lets, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs) and trading companies.
Within its core range, five-year fixed standard and automated valuation model (AVM) products at 75% LTV have been reduced by 20bps and are now available from 4.74%.
Two-year fixed products in the range have also been cut by 20bps and are now available from 3.99%.
In its specialist range, Landbay has lowered five-year fixed 75% LTV HMO and MUFB rates by 10bps and are now available from 5.44%.
Two-year fixed specialist products have also been cut by 10bps and are available from 4.34%.
Landbay has also reduced rates on its core product transfer range, with five-year fixed products up to 75% LTV now available from 5.24%, while two-year fixed products start from 4.24%.
The changes follow reductions announced earlier this month across more than 50 products in the lender’s Premier range.
The Premier range covers standard and HMO products for landlords with up to 15 mortgaged properties and is available to both individual and limited company borrowers.
Landbay sales and distribution director Rob Stanton says: “Following the widespread reductions we announced within our Premier range earlier this month, we are pleased to be making further cuts across both our core and specialist products.
“These latest changes mean brokers have access to even more competitive pricing across a wider range of landlord scenarios, wants and needs, whether they are placing straightforward buy-to-let cases or supporting clients with more specialist borrowing needs such as HMOs and MUFBs.
“While market conditions remain fluid, we remain committed to doing everything we can to support brokers and their landlord clients with competitive products, broad lending options and certainty of service.
“The strength of our proposition lies not only in pricing, but also in the breadth of choice we can offer, and these reductions ensure advisers have access to solutions that can meet the needs of landlords at all stages of their property investment journey.”
