Landbay has made rate cuts by up to 40bps across its Premier range.
These apply to its 75% LTV two-year fixed-rate products as well as small HMO, remortgage (free valuation) and five-year fixed-rate offerings.
Premier is a range of standard and HMO products with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers.
The cuts, ranging between 15 to 40bps, impact over 50 products within the Premier range.
Following the changes, rates on Premier 75% LTV two-year fixed-rate products now start from 3.39% with a 5% fee to 5.89% for a zero-fee option.
Alongside these cuts the lender has reduced rates on its four 75% LTV Small HMO two-year fixes by 30bps, with products now starting from 4.59% with a 3% fee and 5.59% with a zero-fee option.
The 23 Premier Remortgage five-year fixes, which include a free valuation, have had rates cut by up to 20bps, with selected products including a 4.62% with a 5% fee and 5.64% with a zero-fee option.
Finally, Landbay has also cut rates by 15bps across its 21 Premier five-year fixed 75% LTV products, which cover standard purchase, remortgage, product transfer and small HMO.
Selected products include a 4.59% deal with a 5% fee and a 5.62% with zero fees.
“These latest changes represent a significant enhancement to our Premier range and provide brokers with even more competitively-priced options across a broad range of landlord requirements,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“Our focus remains on providing brokers with choice, flexibility and value.
“By making reductions across more than 50 products, we are seeking to support advisers and their landlord clients with a comprehensive range that remains competitive across multiple sectors of the BTL market.”
