Landbay cuts core and core AVM rates by up to 20bps

Landbay has cut rates across its core and core AVM range by up to 20bps.

The reductions apply across 19 of the lender’s 75% LTV two- and five-year fixed rate products.

Rates across six two-year fixed rate products have been reduced by 20bps, while 13 five-year fixed rate products have been cut by 10bps.

Core and core AVM two-year fixed products, at 5% and 2% fees, are now available with rates from 4.09% and 5.59%, respectively.

Meanwhile five-year fixed rates products, at 6% and 2% fees, are now available from 4.94% and 5.74%, respectively.

“Where market conditions give us the opportunity to improve our pricing, we want to act quickly and pass that on to brokers and their landlord clients,” said Rob Stanton, sales and distribution director at Landbay (pictured above).

“The combination of standard and AVM products, alongside a choice of fee structures, means brokers can consider different options depending on the priorities of each landlord client.

“That flexibility remains important when advisers are dealing with a broad range of borrowing requirements and looking to balance headline rate with the overall cost of a mortgage.”