Landbay has reduced rates across its BTL product range by up to 25 bps.
The products which have seen a rate cut of up to 25 bps include the lender’s five-year standard products, along with its two-year standard and two-year like-for-like remortgage options.
Meanwhile, it’s two-year HMO/MUFB mortgages have seen a rate reduction of 10 bps.
Following the changes, Landbay’s standard two-year fixed products now start from 4.04%, while the standard five-year fixed range begins at 4.69% — both are available at up to 75% LTV.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “We are really pleased to be able to make some sizeable reductions across our product range.
“Being a tech-centred lender enables us to be really agile and respond to both changes and new demands in the market very quickly.
“This allows us to best support our broker clients and provide them with a range of products that is not just competitive, but wide enough to meet a broad range of needs.
“It’s fantastic to be able to strengthen our like-for-like remortgage range even further, providing a valuable option for those landlords with no changes to their current borrowing requirements.”
