Landbay has cut rates across its fixed product range, with rates falling by up to 20bps.
The biggest reduction is across the lender’s range of non-portfolio products, designed specifically for landlords with three or less mortgaged properties.
Both two-year and five-year fixed-rate products, available at up to 70% and 75% LTV, respectively, have dropped by 20 bps.
This includes Landbay’s AVM-supported range of standard and non-portfolio products, available with either a two-year or five-year fixed rate at up to 75% LTV.
In addition, the finance provider has reduced rates on its 55% LTV, two-year and five-year fixed-rate loans.
These products, including those for non-portfolio landlords, have been reduced by 15 bps.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “It’s great to be a position once again where we are moving in the opposite direction to much of the market and bringing forward rate reductions.
“By leveraging our in-house technology and broker portal, along with our close relationships with our funders, we are able to identify opportunities and take action very quickly.”
