Landbay has made rate reductions of up to 0.15% across its fixed rate product range.
The biggest reduction is among its two-year fixed rate products, which have been cut by the full 0.15% — this includes its small HMO/MUFB range, available at up to 75% LTV, with rates starting at 3.99%.
Landbay’s five-year fixed range has been reduced by 0.10%, including five-year options for both standard properties and its small HMO/MUFB range, also available at up to 75% LTV and now start at 4.59%.
All products are available using the firm’s variable fee structure for enhanced affordability, with zero fee products also on offer.
Product highlights include:
Rob Stanton, sales and distribution director at Landay (pictured above), said: “Following the positive news on inflation yesterday morning, we are really pleased to respond straight away with rate reductions across our fixed rate products.
“In recent weeks, the market has seen a lot of movement on rates in reaction to swap rates and ahead of the upcoming budget.
“It’s great to be in a position where we can reduce rates and ensure our range is as competitive as possible.
“Reacting quickly to changes in the market is only possible through our tech-first approach. By having the right technology in house, we can trim rates or introduce new markets as soon as the opportunity presents itself.
“This enables us to listen to the demands of the market and ensure we are properly serving both our broker partners and their landlord clients, this is particularly true with products for small HMOs/MUFBs, which continues to be a popular part of the market.”
