Landbay drops interest rates on two-year BTL products

Landbay has lowered interest rates on its range of two-year fixed-rate BTL mortgages.

Section: Mainstream

The changes will apply to standard properties, HMOs and MUFBs.

The full list of rate changes:

• standard property two-year 75% LTV fixed – 4.89% reduced from 4.99%

• standard property two-year 80% LTV fixed – 5.09% reduced from 5.29%

• small HMO two-year 75% LTV fixed – 4.89% reduced from 5.19%

• small MUFB two-year 75% LTV fixed – 4.89% reduced from 5.19%

Paul Brett, managing director of intermediaries at Landbay, commented: “Our wide and diverse range of funding enables us to reduce our rates for borrowers when most rates from other lenders continue to rise.
 
“With the Bank of England widely expected to raise the base rate again later this week, we recognise that this is a really important time for landlords and property investors to lock into a lower-cost, fixed-rate deal.
 
“This rate reduction on our two-year fixed-rate range will enable investors to remove some of the volatility from their costs, providing an element of certainty at this crucial and uncertain time."

Keywords: Landbay, btl, buy to let, buy to let mortgage, property investors, mortgage rates in the uk, paul brett

Source: BTL Insider — https://btlinsider.co.uk/landbay-drops-interest-rates-on-two-year-btl-products