Landbay has made a series of rate cuts of up to 20bps across products within both its core and specialist ranges.
The core range is available for lending on standard properties for individuals, limited companies and LLPs. Specialist products cover holiday lets, HMO, MUFB and trading companies.
In the core range, five-year fixed rate 75% LTV Standard and AVM options have been cut by 20bps and are now available from 4.74%.
Two-year fixed-rate products have also been cut by 20bps and are available from 3.99%.
In the specialist range, five-year fixed-rate 75% LTV HMO/MUFB products have been cut by 10bps and are now available from 5.44%. And two-year fixed rate products have also been cut by 10bps and available from 4.34%.
Landbay has also cut rates on its core product transfer mortgage options. Five-year fixed rates, up to 75% LTV, are now available from 5.24%, while two-year fixed rates are available from 4.24%.
“While market conditions remain fluid, we remain committed to doing everything we can to support brokers and their landlord clients with competitive products, broad lending options and certainty of service,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“The strength of our proposition lies not only in pricing, but also in the breadth of choice we can offer, and these reductions ensure advisers have access to solutions that can meet the needs of landlords at all stages of their property investment journey.”
