Landbay has cut rates across its BTL range by up to 80bps.
As a result, rates on the lender’s first-time landlord HMO/MUFB products are now available from 4.09% on its two-year option.
Trading company mortgages have received a 65bps reduction, and are also available from 4.09%.
Both standard and AVM-supported two-year fixed rate products have been reduced by 0.35bps.
These are available at up to 75% LTV, with rates from 5.24% and 3.74% for 2% and 5% fee options, respectively.
Rates on two-year small HMO/MUFB products have fallen by 60bps and are available from 5.39% when a 2% fee is paid.
The rate on these products falls to 3.89% when a 5% fee is paid.
Landbay has also cut rates on its product transfer range for landlords looking to refinance, with two-year options in the range receiving reductions of 45bps.
“We have seen a lot of positive drivers in the market recently, whether it’s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“It’s great to be able to share those across our product range, including in-demand products such as our HMO/MUFB offerings, our two-year options and our highly popular product transfer range.
“We’ll continue to stay close to the market to identify any future opportunities – whether that’s in terms of rates or further product innovation.”
