Rob Stanton, business development director at Landbay
news | Over 2 years ago | Jodie Bradley

Landbay launches new five-year BTL products and slashes rates

Landbay has introduced a new limited edition range of standard five-year fixed-rate BTL mortgage products starting at 5.15%, as well as dropping its rates on four standard five-year fixed products by up to 10bps.


Rob Stanton, business development director at Landbay (pictured above) believes the updated offering — in conjunction with the lender’s variable fee structure — will help brokers respond to ongoing affordability pressures. 

Limited edition standard five-year fixed rates include:

  • a 5.15% rate with 70% LTV and a 7% fee
  • a 5.35% rate with 75% LTV and a 6% fee
  • a 5.55% rate with 75% LTV and a 5% fee
  • a 5.75% rate with 75% LTV and a 4% fee
  • a 5.95% rate with 75% LTV and a 3% fee
  • a 6.15% rate with 75% LTV and a 2% fee
  • a 6.15% rate with 75% LTV and a £1,499 fee

 

Rate reductions on standard five-year fixed rates include: 

  • a 5.25% rate (was 5.35%) with 65% LTV and a 7% fee 
  • a 5.25% rate (was 5.35%) with 70% LTV and a 7% fee 
  • a 5.45% rate (was 5.55%) with 65% LTV and a 6% fee 
  • a 5.45% rate (was 5.55%) with 70% LTV and a 6% fee 

 

“We are pleased to launch a set of competitive limited edition products which will appeal to the large number of landlords still looking for the certainty of a fixed rate,” said Rob.

“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands.”
 

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