Landbay launches new buy-to-let rates from 4.89%

Landbay has launched a new limited edition range of five-year fixed rate buy-to-let mortgages with rates starting from 4.89%.

The products are available for a limited time only on standard properties including new builds.

There are four 75% LTV products ranging from £100,000 to £1m and four 65% LTV options for landlords wanting larger loans from £1m to £1.5m.

The rates and fees on these five-year fixes are the same for both 65% and 75% LTVs. Rates start from 4.89% with a 5% fee, 5.09% with a 4% fee, 5.29% with a 3% fee, or 5.49% with a 2% fee.

Paul Brett, managing director of intermediaries at Landbay, commented: “Due to our diverse funding we have been able to develop a range of very competitive, five-year fixed rate mortgages for landlords.

“This range is a limited edition so once the funds have gone, so will the products.”