Landbay has reduced rates across its entire buy-to-let portfolio, with cuts of up to 0.25% applied to its Premier, Core and Specialist product ranges.
In the Premier range, standard two-year fixed rate products available up to 75% loan-to-value (LTV) have been lowered by 0.10%, with new pricing starting at 3.39%. The reductions extend to both product transfer and like-for-like options.
A new product has also been added to the Premier range, offering a standard two-year fixed rate up to 75% LTV with a 1% fee. Rates for this option start at 4.89%. The Premier range is aimed at landlords with up to 15 properties held within limited company special purpose vehicles.
Within the Core range, designed for portfolio landlords with limited company options, standard two-year 75% LTV fixed rate products, including product transfer choices, have also been reduced by 0.10%.
The Specialist range has seen the largest adjustments, with small HMO and MUFB products cut by as much as 0.25%. These are available up to 65% and 75% LTV and include options for first-time landlords, trading companies and product transfers.
Holiday let two-year fixed rate products within the Specialist range have been reduced by 0.20%, with rates now beginning at 3.99%.
These changes follow earlier reductions made this week to Landbay’s five-year fixed Premier products, which were lowered by up to 0.15%. The full Landbay portfolio features a variable fee structure to enhance affordability. Intermediaries can compare options using the lender’s buy-to-let affordability calculator.
Premier range highlights
Standard two-year fixed 75% LTV, 4% fee at 3.39%
New: standard two-year fixed 75% LTV, 1% fee at 4.89%
Premier standard like-for-like two-year fixed 75% LTV, 2% fee at 4.39%
Core range highlights
Standard two-year fixed 75% LTV, 5% fee at 3.69%
Standard two-year fixed 75% LTV, 2% fee at 5.19%
Specialist range highlights
Small HMO/MUFB two-year fixed 75% LTV, 5% fee at 3.69%
Small HMO/MUFB two-year fixed 75% LTV, 2% fee at 5.19%
Specialist holiday let two-year fixed 75% LTV, 5% fee at 3.99%
Specialist holiday let two-year fixed 75% LTV, 3% fee at 4.99%
“Our activity over the past couple of weeks has demonstrated our commitment to expanding our product range and ensuring our rates remain as competitive as possible,” said Rob Stanton, sales and distribution director at Landbay. “This latest round of sizeable reductions covers our entire range and is designed to provide new and valuable routes for landlords of all shapes and sizes, and the intermediaries looking to support them."
“Activity such as this is critical as landlords across the country continue to capitalise on investment opportunities that still exist in the market,” he added. “Just as important is the large number of property owners who are set to refinance and are currently reviewing their options. Putting the right products in the hands of expert advisers means they are in the best possible position to support landlords and facilitate transactions.”
