Landbay announces further Premier rate cuts of up to 0.17%

Buy-to-let lender, Landbay, has announced rate cuts of up to 17 basis points across its Premier range.

All five-year fixed rate Premier products, for both purchase and remortgage, have been reduced by up to 17bps, with 75% LTV options now starting from 4.45%.

Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords, and featuring some of Landbay’s most competitive rates.

Other 75% LTV five-year fixed rate reductions include Landbay’s remortgage products, which now start from 4.49%, small HMO products from 4.84%, and product transfers from 4.54%.

All Landbay’s Premier products continue to feature variable fee options - ranging from zero up to 5%.

The Premier rate reductions follow similar cuts made last week to products within Landbay’s core and specialist ranges. 

Rob Stanton (pictured), sales and distribution director at Landbay, said: "Following the positive response to our Premier product rate reductions at the start of June, and last week's cuts across our core and specialist ranges, we are pleased to be making further improvements to pricing across a number of key products within the Premier proposition.

“These latest cuts strengthen some of our most popular purchase, remortgage, product transfer and small HMO options, ensuring brokers have access to highly competitive solutions across a broad range of landlord requirements. At a time when advisers are seeing increasing levels of activity from landlords looking to purchase, refinance or review existing borrowing arrangements, it is important they have access to both competitive pricing and a wide choice of product options.

“Our focus remains on supporting brokers with products that combine value, flexibility and certainty. By making further reductions across the Premier range, while maintaining the breadth of options available through our wider proposition, we are continuing to provide advisers and their landlord clients with the finance they need to make confident borrowing decisions.”