It also reduces rates of four standard five-year fixes
Specialist buy-to-let lender Landbay has launched a new range of limited edition standard five-year fixed rate deals.
The new range has rates starting from 5.15% on a 70% loan-to-value (LTV) fix with a 7% fee. There are also 75% LTV options: with a 6% fee and a rate of 5.35%, with a 5% fee and a rate of 5.55%, with a 4% fee and a rate of 5.75%, with a 3% fee and a rate of 5.95%, and with a 2% or a £1,499 fee and a rate of 6.15%.
The lender has also reduced rates on four standard five-year fixed products by up to 0.10%. The rates of 65% and 70% LTV products with 7% fee are now at 5.25%, while the rates 65% and 70% LTV deals with 6% fee now sit at 5.45%.
“We are pleased to be able to launch a set of very competitive limited edition products to market which will appeal to the large number of landlords still looking for the certainty of a fixed rate,” stated Rob Stanton (pictured), business development director at Landbay. “Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.
“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands. These sit alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”
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