"We have seen a lot of positive drivers in the market recently, whether it’s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing"
- Rob Stanton - Landbay
Landbay has introduced notable rate reductions across its buy-to-let mortgage products, with cuts of up to 0.80% aimed at boosting affordability and maintaining competitiveness.
The largest reduction applies to Landbay’s two-year fixed-rate products for first-time landlords using HMO and MUFB properties, with rates now beginning at 4.09%. A similar starting rate has also been applied to trading company products, following a 0.65% decrease.
Rates for both standard and automated valuation model (AVM) supported two-year fixed products have dropped by 0.35%. These options are available at up to 75% loan-to-value (LTV), with rates starting from 3.74%. Two-year deals on small HMO/MUFB mortgages have seen cuts of up to 0.60%, now beginning at 3.79%, also up to 75% LTV.
Landbay has also lowered pricing for its product transfer range, with two-year options reduced by 0.45%. This may appeal to landlords seeking a more efficient refinancing route.
These latest adjustments come shortly after Landbay made smaller reductions of 0.25% to its non-portfolio and standard five-year fixed-rate products earlier this month.
All of the new rates are offered with Landbay’s variable fee structure, which is designed to support broader affordability.
Updated product rates include:
Two-year standard and AVM-supported products (reduced by 0.35%)
75% LTV, 2% fee: now 5.24%
75% LTV, 5% fee: now 3.74%
Two-year small HMO/MUFB products (reduced by 0.60%)
75% LTV, 2% fee: now 5.39%
75% LTV, 5% fee: now 3.89%
“Making such a large cut across our BTL product range demonstrates our commitment to making sure our product range is competitive as possible for brokers and their landlord clients," explained Landbay's sales and distribution director, Rob Stanton (pictured). "We have seen a lot of positive drivers in the market recently, whether it’s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing."
“It’s great to be able to share those across our product range, including in-demand products such as our HMO/MUFB offerings, our two-year options and our highly popular product transfer range. We’ll continue to stay close to the market to identify any future opportunities – whether that’s in terms of rates or further product innovation.”
