Landbay has reduced rates for 51 of its BTL products by up to 20 bps.
Among the options reduced are the lender’s standard five-year fixed-rate products at maximum 75% LTV, which have been cut by up to 15 bps, with rates now starting at 4.39%.
The small HMO/MUFB product range has also seen improvements with two-year options up to 75% LTV now starting at 3.89%.
Five-year options get the same reduction of up to 20 bps across both 75% and 80% LTV product ranges, with rates now beginning at 4.79%.
Trading company products, designed for clients looking to purchase property from within an existing trading company, have been lowered by 10 bps with rates now starting at 4.69%.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “This extensive round of rate reductions further demonstrates our drive to make our product range as competitive as possible.
“Brokers are supporting their landlord clients with a broad range of requirements and our product range has to reflect this to help them meet those demands.
“We continue to stay close to the market and in close contact with our funders to identify opportunities, as well as areas where we can innovate to answer product gaps and drive efficiencies.
“Today’s reductions, along with our new AVM range are fantastic examples of this.”
