Landbay has launched new two-year tracker and zero fee products for its Premier range.
The Premier range consists of standard products for landlords with up to 15 properties, available for both individuals and limited company ownership.
Launched today, the two trackers are available up to 75% with no ERC.
This includes a two-year tracker — for both purchase and remortgage — and a like-for-like remortgage only tracker. Both of these are available at the Bank Base Rate plus 0.34%, meaning a rate of 4.09%, and 3% fees.
Landbay is also launching two new zero fee, five-year fixed-rate products today, available up to 75% LTV.
The first is a 5.09% product for both purchase and remortgages, while the second is a remortgage-only 5.14% product which comes with a free valuation.
“The markets appear to be pricing in two, possibly three, further BBR cuts over the next year, but in many cases that expectation is already built into fixed-rate pricing,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“These launches reinforce our focus on giving advisers straightforward options and landlord borrower solutions within the Premier range, now across both tracker and fixed rates, ensuring they are aligned to how landlords are approaching borrowing decisions in the current market.”
