Landbay cuts buy-to-let rates by up to 0.25%

Landbay has announced a series of rate reductions of up to 0.25% across its buy-to-let product range.

The lender has reduced its five-year standard products, along with its two-year standard and two-year like-for-like remortgage products by up to 0.25%. Meanwhile, its two-year small HMO/MUFB products have seen a reduction of 0.10%.

It means that standard two-year fixed products now start from 4.04%, while the standard five-year fixed range begins at 4.69%. Both are available with up to 75% LTV.

Landbay’s products are available using its variable fee structure for increased affordability.

Rob Stanton, sales and distribution director Landbay, said: “We are really pleased to be able to make some sizeable reductions across our product range. Being a tech-centred lender enables us to be really agile and respond to both changes and new demands in the market very quickly. This allows us to best support our broker clients and provide them with a range of products that is not just competitive, but wide enough to meet a broad range of needs.

“It’s fantastic to be able to strengthen our like-for-like remortgage range even further, providing a valuable option for those landlords with no changes to their current borrowing requirements. That’s especially true given its lower stress requirements of just pay rate. It’s great for those who want a short-term option in the current market, but still want some stability and security on monthly cost.”