Landbay has reduced rates across its two-year and five-year fixed rate products by up to 0.10%.
The 10 basis point reduction covers the entire two-year fixed range, except large houses of multiple occupancies (HMO)/multi-unit freehold blocks (MUFB) and tracker products.
Rates now start at 4.24% at 75% loan-to-value (LTV) with a 6% fee.
The same reductions have been made on the lender’s five-year range. Rates now start at 4.74% at 75% LTV with a 7% fee. Zero product fees are also available.
The only exceptions in the five-year fixed range are large HMOs/MUFBs, as well as two standard five-year fixed options which are reduced by 0.5%.
Leading products:
• Standard 2 year fixed @ 4.24% 75% LTV 6% Fee (was 4.34%)
• Standard 2 year fixed @ 5.89% 75% LTV 3% Fee (was 5.99%)
• Standard 5 year fixed @ 4.74% 75% LTV 7% Fee (was 4.84%)
• Standard 5 year fixed @ 6.39% 75% LTV 0% Fee (was 6.49%)
• Standard 2 year fixed @ 4.44% 55% LTV 5% Fee (was 4.54%)
• Standard 5 year fixed @ 4.99% 55% LTV 5% Fee (was 5.09%)
Landbay sales and distribution director Rob Stanton says: “Even in the current climate, fixed-rate deals remain the product of choice for the majority of landlords. We’re pleased to help brokers answer this demand with a reduction on our two-year and five-year fixed products.”
