Landbay has cut rates by up to 20bps across its Premier, Core and Specialist ranges.
With immediate effect, rates are now 15bps lower within its Premier range across two- and five-year fixed-rate products, including like-for-like remortgages and product transfers.
Landbay’s Premier five-year fix with a zero fee is now available at 4.95%, while its five-year fix with a 3% fee is now available at 4.35%. Both products are available up to 75% LTV.
Also in the Premier range, Landbay has cut its five-year remortgage fixes to 4.97%. These products feature a fixed fee based on the loan size, up to £750,000.
Premier is a range of standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers, and features Landbay’s most competitive rates.
Within its Core and Specialist product ranges, which covers limited companies, holiday lets and small HMOs/MUFB, Landbay has reduced rates by up to 20bps.
“The market has shifted again in recent weeks, and we have taken the decision to pass on further rate reductions across our range,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“We know brokers are working with landlords who are focused on managing costs and planning ahead with greater certainty, particularly those coming to the end of existing fixed rates.
“By cutting rates across our Premier, Core and Specialist, we are giving advisers more scope to place cases competitively, whether they are straightforward or more complex.”
