"This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well as those in the process of refinancing"
- Rob Stanton - Landbay
Landbay has reduced rates across its five-year fixed Premier buy-to-let products, with pricing now starting from 4.09%.
The most significant cuts apply to the Premier five-year fixed options available up to 75% loan-to-value (LTV), with all four products reduced by 0.15%. Free valuation remortgage products in the Premier range have also been lowered by 0.13%, now starting at 4.14% for loans up to 75% LTV. Product transfer options, including those with free valuations, have been reduced by up to 0.14%.
Launched last month, the Premier range is aimed at landlords with portfolios of up to 15 properties held within limited company special purpose vehicles (SPVs). The range features Landbay’s variable fee structure, which is designed to enhance affordability.
The rate changes follow the recent introduction of two new like-for-like products in the Premier range. One is a two-year fixed rate remortgage priced at 4.49% up to 75% LTV, and the other is a two-year fixed product transfer option at 4.54%, also up to 75% LTV.
Product highlights include:
Premier five-year fixed, 75% LTV, 5% fee, from 4.09%
Premier five-year fixed, 75% LTV, 1% fee, from 4.89%
Premier remortgage free valuation five-year fixed, 75% LTV, 5% fee, from 4.14%
Premier remortgage free valuation five-year fixed, 75% LTV, 1% fee, from 4.94%
Product transfer Premier five-year fixed, 75% LTV, 5% fee, from 4.15%
Product transfer Premier five-year fixed, 75% LTV, 2% fee, from 4.75%
“Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products,” said Rob Stanton, sales and distribution director at Landbay (pictured). “This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well as those in the process of refinancing. Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand, but ensure our rates are as competitive as possible.”
Stanton added that Landbay remains focused on maintaining flexibility across its range. “Across our Premier, Core and Specialist product lines, we remain committed to providing options to help our intermediary partners support landlords of all sizes and setups,” he explained. “Achieving this requires the right combination of innovation and agility to identify gaps in the market for new products and opportunities to tweak and improve the rates we offer. On both counts, our tech-first approach to lending enables us to act quickly as soon as the opportunity presents itself.”
