Landbay launches new limited edition fixed rates from 5.15%

Landbay has launched a new limited edition range of 18 standard five-year fixed rate products with rates starting at 5.15%.

The specialist buy-to-let lender has also added six new two-year and five-year fixed rate products for large HMOs and MUFBs, with rates starting at 6.59% alongside new standard two-year and five-year fixed rates for small HMOs/MUFBs and for like-for-like remortgage products.

The new limited edition range is available with variable fees, rates and LTVs.

Standard five-year fixed rates start from 5.15% at 55% LTV and 5.25% at 70% LTV with a 7% fee. With a lower 3% fee, 70% LTV products start at 6.05% and 75% LTV rates from 6.15.

New large HMO/MUFB products include two-year fixed rates from 6.59% at 75% LTV and five-year fixes from 6.59% at 65% LTV and 6.69% at 75% LTV, all with a 5% fee.

The new standard fixed rate range offers two-year fixed rates at 5.79% and five-year fixes at 6.39% up to 75% LTV with a 5% fee.

A two-year fixed rate like-for-like remortgage product has launched at 4.69% up to 75% LTV with a 7% fee.

Rob Stanton, business development director at Landbay, said: “Our new limited edition range will appeal to the large number of landlords still looking for the certainty of a fixed rate. Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.

“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands. It sits alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”