Landbay has again cut rates across its range of two- and five-year fixed-rate products for landlords by up to 20 basis points.
The specialist buy-to-let lender says its reductions apply to fixes for houses in multiple occupation and multi-unit freehold blocks, with rates now starting at 5.04%.
It has also made cuts to standard two-year fixed rates — its two-year like-for-like remortgage range now starts at 4.19%.
The firm adds that it has expanded its limited edition range, introducing new five-year fixed-rate products at 65% loan to value, with a maximum loan amount of £1.5m.
These products are available with the lender’s variable fee structure to accommodate differing borrowing requirements and appetite for fees.
The firm’s product highlights include:
Small houses in multiple occupation/multi-unit freehold blocks
- Small house in multiple occupation/multi-unit freehold blocks two-year fixes at 75% LTV at 5.04%, with a 6% fee
New limited edition
- Limited edition standard five-year fixes at 65% LTV at 5.05%, with a 7% fee and a loan maximum of £1.5m
Like-for-like
- Like-for-like remortgage standard two-year fixes at 55% LTV (gross) at 4.19%, with a 7% fee
- Like-for-like remortgage standard two-year fixes at 75% LTV (gross) at 4.44%, with a 7% fee
Standard two-year fixed rate
- Standard two-year fixes at 55% LTV at 4.69%, with a 6% fee
Landbay business development director Rob Stanton says: “As soon as it is possible for us to do so, our priority is to reduce rates and pass these down to landlords and our broker partners.
“Having our own technology and in-house broker portal is critical in achieving this so quickly.
“Following reductions last week, we’re delighted to be making further moves to support brokers and ensure our product range remains highly competitive.”
