Landbay has cut rates for five-year fixed products on its Premier range, a set of standard products for landlords with up to 15 properties in limited company SPVs.
Rates on these four five-year fixed products have been cut by 15bps, with the lowest starting from 4.09%.
The free valuation remortgage products in the Premier range have also seen reductions of 0.13%, with rates now starting at 4.14% at up to 75% LTV. Product transfer options, including those offering free valuations have been cut by up to 0.14%.
“This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well those in the process of refinancing,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand, but ensure our rates are as competitive as possible.
Last week Landbay expanded the Premier range with two like-for-like products — a two-year fixed-rate remortgage at 4.49% with a maximum 75% LTV and 2% fee, as well as a product transfer version.
The product transfer version is largely the same except with a rate from 4.54% and is exclusive to existing Landbay loans approaching reversion.
