Landbay cuts rates by up to 35bps

Landbay has made rate cuts of up to 35bps across its Premier, Core and Specialist ranges, with rates now starting from 3.44%.

The lender has also launched eight new Specialist products, expanding its 65% LTV offering within the small HMO and MUFB ranges, and changed criteria to accommodate Tier 2 borrowers.

In Landbay’s Premier range, two-year fixed 75% LTV products have had their rate cuts by 15bps across 15 products. These are available from 3.44%.

Five-year fixed 75% LTV products, including Product Transfer and Remortgage ranges, rates have been trimmed by 5bps across 19 products. These are available from 4.69%.

Cuts have been on nine small HMO two- and five-year fixed products, including Product Transfer options, by up to 15bps across nine products. These are now available from 4.69%.

Ten assisted legals five-year fixed products have been reduced by 7bps, with rates now available from 5.67%.

In Landbay’s Core range, rates on two- and five-year fixed products, including Tier 2 and Product Transfer ranges, have been reduced by up to 35bps.

Rates now start from 4.29% and 5.04%, respectively.

Small HMO and MUFB products in Landbay’s Specialist range have reduced by up to 35bps, with two-year fixed rates from 4.64% and five-year fixed rates from 5.69%.

Holiday Let products have been reduced by up to 25bps, with two-year fixed rates from 4.69% and five-year fixed rates from 5.79%.

Trading Company products, including Product Transfer options, have been reduced by up to 15bps, with two-year fixed rates from 4.79% and five-year fixed rates from 5.84%.

"While market conditions remain volatile, we're committed to reacting quickly when opportunities arise to improve pricing, helping brokers access lower rates across our Premier, Core and Specialist ranges alongside an expanding product offering,” said Rob Stanton, sales and distribution director at Landbay (pictured above).

"We know advisers need a combination of competitive pricing, product choice and certainty of service.

“That's why we're continuing to invest across our range, helping brokers place both straightforward and more specialist BTL cases with confidence."

Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties.

The Core range is available on standard properties for individuals, limited companies and LLPs. It supports landlords with portfolios of any size and includes AVM options.

Specialist products cover holiday lets, HMOs, MUFBs and trading companies.