Landbay slashes rates across special edition BTL range

Rates now begin at 4.29% - the reductions are applicable to all properties with LTVSs of 55%, 65%, and 75%.

The variable fee structure ranges between 2% and 7% in order to help meet affordability and ICR requirements.

Product examples on standard five-year fixed rates:

• 75% LTV at 5.39% - 2% fee
• 75% LTV at 4.79% - 5% fee
• 65% LTV at 5.34% - 2% fee
• 65% LTV at 4.34% - 5% fee
• 55% LTV at 5.29% - 2% fee
• 55% LTV at 4.29% - 7% fee

 

Rob Stanton, business development director at Landbay (pictured above), said: “We are pleased to be able to announce another reduction in our five-year fixed rate special edition range on standard properties.

“The choice of the interest rate and fee combination allows brokers flexibility in working out what is best for their clients especially in calculating the ICR to meet affordability requirements.”