Landbay has cut rates across its ‘Premier’ range, while launching new Holiday Let MUFB products.
The Premier range covers landlords with up to 15 properties, owned either on an individual or limited company basis.
The lender is cutting rates by 10bps across Premier Standard two- and five-year fixed-rate products, which also covers both Product Transfer and like-for-like remortgages.
The five-year products are now available from 4.04% with the like-for-like two-year fixed-rate mortgages available at 4.29%.
Additionally, Landbay has launched specialist Holiday Let Small MUFB products.
These are two-year and five-year fixed rate products, available at up to 75% LTV.
With a 5% fee, the former is available from 4.39% and the latter from 5.49%. Meanwhile, a 3% version is accessible, with rates from 5.39% and 5.89%, respectively.
The lender has also introduced a new feature which will allow landlord borrowers to make overpayments of up to 5% each year on new applications.
“Overall, we believe these rate cuts, new products and new functionality offers brokers and borrowers an array of different options from Landbay,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“This, at a time when post-Budget certainty means landlords are more likely to be active and taking their next steps, either for new purchases, remortgages or indeed PTs.”
