It is also reintroducing fixed rate products for trading companies and first-time landlord of small HMO or MUFB
Specialist buy-to-let lender Landbay has reduced rates across its fixed rate product range with reductions up to 0.70%.
The lender’s like-for-like remortgage standard two-year fix at 75% loan-to-value (LTV) was reduced by 0.40%, with rates now starting at 4.39%.
Standard two-year fix at 75% LTV rates were slashed by 0.30% to 5.49%, while rates of small house in multiple occupation (HMO) or multi-unit freehold block (MUFB) five-year fix at 70% LTV now start at 5.79% due to a 0.60% reduction.
Landbay is also reintroducing fixed rate products for trading companies and first-time landlord of small HMO or MUFB.
The buy-to-let lender has variable fee structures so landlords can borrow more money depending on the rate and fee chosen.
Full product information is available on Landbay’s website.
“With swaps rates reducing, we are glad to be able to pass on rate reductions as quickly as possible,” said Rob Stanton (pictured), business development director at Landbay. “This will be welcome news for intermediaries and their landlord clients and covers all of our fixed rate deals.
“We have been able to reduce the rates on so many of our products at the same time due to our highly functional broker portal which we built in-house last year. Our expert IT team and technology means we are able to make changes quickly and efficiently.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
