Landbay reduces buy-to-let fixed rates by 0.20%

Landbay has announced rate reductions across its fixed rate buy-to-let product range by up to 0.20%.

The biggest reduction has been seen across its range of non-portfolio products, designed specifically for landlords with three or less mortgaged properties. Both two-year and five-year fixed rate products, available at 70% and 75% LTV, have seen the full 0.20% reduction.

This also includes Landbay’s AVM-supported range of standard and non-portfolio products, available with either a two-year or five-year fixed rate at up to 75% LTV. 

In addition, Landbay has reduced rates on its 55% LTV two-year and five-year fixed rate products. These products, including those for non-portfolio landlords, have been reduced by 0.15%.

Rob Stanton, sales and distribution director at Landbay, said: “It’s great to be a position once again where we are moving in the opposite direction to much of the market and bringing forward rate reductions. These are not on niche products either, but across our fixed rate range, including standard products, support for smaller landlords and through our innovative range of AVM products. These have proven incredibly popular thanks to the efficiencies and cost savings they can offer.

“By leveraging our in-house technology and broker portal, along with our close relationships with our funders, we are able to identify opportunities and take action very quickly. This means brokers have access to a competitive range of products to support the many landlords still seizing opportunities and making moves in the current market.”