Specialist lender Landbay has brought back its green five-year fixed-rate products.
The green range — available for properties with an A-C EPC rating — was previously withdrawn following the mini-Budget last September.
The re-introduced products, available at 75% LTV, offer a 10 basis points reduction off Landbay’s standard five-year fixes.
The suite comprises five options, priced at:
In addition, Landbay has launched two new two-year fixed-rate mortgages for standard and small HMOs/MUFBs, available at 4.19% and 4.25%, respectively — both products have a 75% LTV and a 4% fee.
The lender also reduced rates across two of its standard five-year fixes with a 3% fee, which are now offered at 4.99% at 55% LTV, and 5.09% at 65% LTV.
Rob Stanton, business development director at Landbay (pictured above), said: “It’s wonderful news that we can relaunch our green range; we want to encourage landlords to upgrade property to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.
“Our product development team has also been busy designing new products and reducing rates on existing ones giving our intermediary partners and their landlord clients more choice.
“The two- and five-year fixed rates are equally as popular at the moment and by offering a range of rates and fees it is easier for landlords to pass stress tests.”
