"By cutting rates across our Premier, Core and Specialist, we are giving advisers more scope to place cases competitively, whether they are straightforward or more complex."
- Rob Stanton - Landbay
Landbay has reduced rates across its entire buy-to-let product range, covering its Premier, Core and Specialist offerings.
Within the Premier range, rates have fallen by up to 15 basis points (bps) across two- and five-year fixed-rate products, including like-for-like remortgages, product transfers, and five-year fixes with free valuation and assisted legal options. The Premier five-year fix with a zero fee is now available at 4.95%, down from 5.09%, while the five-year fix with a 3% fee has dropped to 4.35% from 4.49%. Both products are available up to 75% LTV.
Landbay has also cut its Premier five-year remortgage fixes, also available up to 75% LTV and coming with assisted legals and free valuations, to 4.97% from 5.09%. These carry a fixed fee based on loan size, up to £750,000.
The Premier range covers standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company borrowers, and carries Landbay's most competitive rates. Across the Core and Specialist ranges, which cover limited companies, holiday lets and small HMOs and multi-unit freehold blocks, rates have been reduced by up to 20bps.
Landbay says the cuts give brokers and their clients sharper pricing across purchases, remortgages, product transfers and more specialist property types.
"The market has shifted again in recent weeks, and we have taken the decision to pass on further rate reductions across our range," said Rob Stanton, sales and distribution director at Landbay (pictured).
"We know brokers are working with landlords who are focused on managing costs and planning ahead with greater certainty, particularly those coming to the end of existing fixed rates. By cutting rates across our Premier, Core and Specialist, we are giving advisers more scope to place cases competitively, whether they are straightforward or more complex."
"It is also important that price is backed up by strong service and a clear product structure. Our five-year remortgage fixes with assisted legals and free valuations remain a key part of that, helping landlords refinance efficiently while keeping upfront costs in check. We will continue to review our pricing closely and respond where we can, so brokers have the support they need in a market that remains active and price-sensitive."
