Landbay reduces all buy-to-let rates by up to 0.20%

Landbay has reduced rates across all buy-to-let products covering its premier, core and specialist ranges.

Within its premier range, rates have been reduced by up to 15bps across two and five-year fixed rate products, including like-for-like remortgage, product transfers, as well as five-year fixes with free valuation and assisted legal options. 

Landbay’s premier five-year fix with no fee is now available at 4.95%, previously 5.09%, while its five-year fix with a 3% fee is now available at 4.35%, down from 4.49%. Both products are available up to 75% LTV. 

Also in the premier range, Landbay has cut five-year remortgage fixes to 4.97%, available up to 75% LTV with assisted legals and free valuations. These products feature a fixed fee based on the loan size, up to £750,000.

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

Within its core and specialist product ranges, which cover limited companies, holiday lets and small HMOs/MUFB, Landbay has reduced rates by up to 0.20%. 

Rob Stanton, sales and distribution director at Landbay, said: “The market has shifted again in recent weeks, and we have taken the decision to pass on further rate reductions across our range. We know brokers are working with landlords who are focused on managing costs and planning ahead with greater certainty, particularly those coming to the end of existing fixed rates. By cutting rates across our premier, core and specialist, we are giving advisers more scope to place cases competitively, whether they are straightforward or more complex.

“It is also important that price is backed up by strong service and a clear product structure. Our five-year remortgage fixes with assisted legals and free valuations remain a key part of that, helping landlords refinance efficiently while keeping upfront costs in check. We will continue to review our pricing closely and respond where we can, so brokers have the support they need in a market that remains active and price-sensitive.”