Landbay has brought back its green five-year fixed rate range and launched two new loans, as well as cutting rates on others.
The buy-to-let lender says its green rates, for properties with an energy performance certificate rating of A to C, carry a reduction of 10 basis points off its five-year standard products, with five options at 75% LTV from 4.69%, with a 5% fee.
The 4.89% green rate comes with a 4% fee, 5.09% has a 3% fee and the 5.29% option offers a fee choice of either 2%, or £1,999.
Its climate-conscious deals return after being withdrawn following former Chancellor Kwasi Kwarteng’s tax-cutting September mini-Budget, which drove up lending rates.
The business also introduces a standard two-year fixed rate mortgage at 4.19% and for small houses in multiple occupation and multi-unit freehold blocks the two-year fix is 4.25%. Both products have an LTV of 75% and a 4% fee.
It has also cut rates on two standard five-year fixed-rate products with a 3% fee. Its 55% LTV product is down to 4.99% from 5.09% and the 65% LTV is now 5.09%, down from 5.14%.
Landbay business development director Rob Stanton said: “We want to encourage landlords to upgrade properties to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.
“The two and five-year fixed rates are equally as popular at the moment and by offering a range of rates and fees it is easier for landlords to pass stress tests.”
