Landbay has trimmed rates by up to 5bps cuts across 18 products in its premier range.
These cuts impact five-year fixed products, available up to 75% LTV, for both purchase and remortgage including both AVM and product transfer options.
Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords, and featuring some of Landbay’s most competitive rates.
As a result, purchase/remortgage five-year fixed products are now available at 5.4% for zero fee, and 4.4% for a 5% fee.
Remortgage AVM five-year fixes have been cut to 5.2% and 4.4% for 1% fee and 5% fee, respectively.
Landbay has also trimmed the rate on its remortgage free valuation five-year fixes, with the zero fee version now available at 5.44%, and 5% fee at 4.44%.
Landbay has also launched a new two-year tracker product transfer option within premier, with no ERCs, and available up to 75% LTV. It comes with a 3% fee and is priced at Bank Base Rate plus 0.44%.
“Funding conditions and pricing have continued to improve over recent weeks and, as a result, we have been keen to pass them into our product pricing,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“While markets remain capable of moving quickly in either direction, the current environment has given us another opportunity to reduce rates across a significant part of our premier range, building on the changes we made last month to the Premier range but also building on our recent new product launches.
Our focus remains on giving advisers the product options they need to recommend the most suitable solution for each client, whether they are purchasing, refinancing or simply looking to secure a better outcome at product maturity.”
