Landbay has lowered rates across its two-year fixed-rate product range, and introduced a new option.
The lender has lowered pricing by 10 basis points for its existing standard, first-time landlord and trading company products — including its two-year fix for trading companies with small HMO/MUFBs up to six rooms/units.
Following this, its standard two-year fix at 75% LTV is now available at 4.69% with a 3% fee, or 5.19% with a 2% fee.
Landbay has also cut rates by 14 basis points for its 75% LTV two-year fixed-rate products for small HMOs/MUFBs, which are now priced at 4.75% with a 3% fee, and 5.25% with a 2% fee.
In addition, the lender introduced a new standard two-year fix, which offers loans up to £74,999, priced at 5.19% with a £1,499 fee.
Rob Stanton, business development director at Landbay, said: “We constantly look for ways we can provide competitive products to our intermediary partners and their landlord clients — any rate reduction is welcome and we are pleased to be able to lower pricing in these uncertain times.”
“We have seen an increase in landlords opting for two-year fixed rates and these reductions are across our entire two-year range — from standard through to trading companies, first-time landlords, HMOs and MUFBs.”
