Landbay has lowered rates across its standard five-year fixed-rate range for small HMOs and MUFBs by up to 25 basis points.
Landlords with small HMOs/MUFBs of up to six bedrooms or units can now secure a five-year fix at 4.89% at up to 65% LTV, or 4.99% at maximum 75% LTV — both options include a 6% fee.
Meanwhile, the small HMO/MUFB five-year fix at up to 75% LTV with a 3% fee has been lowered to 5.79%.
In addition, Landbay cut rates for its small HMO/MUFB products for first-time landlords and trading companies — both available at up to 75% LTV with a 5% fee — which are now priced at 5.39%.
The updated range follows the recent arrival of new five-year fixed rate products that boast no product fees.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “It’s no secret that we take every opportunity to make our product range as accessible as possible for brokers and their landlord clients.
“Our enhanced HMO/MUFB range supports landlords in an important and ever-growing part of the market, especially with a rising student population and the clear challenges facing residential buyers.
“With support for those operating in trading companies or for first-time landlords looking to purchase an HMO or MUFB, we are really pleased to be able to cover all bases with our reduced rates.
“As we continue further into the year, we’ll continue to ensure our range remains competitive and provides valuable opportunities for both our broker partners and their landlord clients across the country.”
