Landbay announce rate cuts across fixed range

The specialist buy-to-let lender has announced that it has made a series of changes to its fixed rate product range with reductions from 0.30% to 0.70%.

Related topics:  Finance,  Landlords,  BTL
Property | Reporter
24th July 2023
To Let 925

Landbay has restructured its fixed-rate range with new pricing due to a reduction in swap rates.

Following the changes, the Like-for-Like remortgage standard two-year fix at 75% LTV - will now have rates starting at 4.39% - a 0.40% reduction.

For a Standard two-year fix at 75% LTV, rates now start at 5.49% - a 0.30% reduction. And following a reduction of 0.60%, the Small HMO/MUFB five-year fix at 70% LTV - will have starting rates of 5.79%.

Landbay is also reintroducing fixed-rate products for trading companies and first-time landlord small HMO/MUFB.

Rob Stanton, business development director at Landbay, said: “With swaps rates reducing we are glad to be able to pass on rate reductions as quickly as possible. This will be welcome news for intermediaries and their landlord clients and covers all of our fixed-rate deals.

“We have been able to reduce the rates on so many of our products at the same time due to our highly functional broker portal which we built in-house last year. Our expert IT team and technology means we are able to make changes quickly and efficiently.”


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