Landbay reduces buy-to-let rates by up to 0.80% 

Landbay has reduced rates across its buy-to-let product range by up to 0.80%.

The headline rate reduction comes to Landbay’s first-time landlord HMO/MUFB products, with rates across two-year options now starting at 4.09%. Meanwhile, trading company products have seen a 0.65% reduction on rates and now also start at 4.09%.

Both standard and AVM-supported two-year fixed rates have reduced by 0.35%. These are available at up to 75% LTV and with rates beginning at 3.74%. Rates on two-year small HMO/MUFB products have fallen by up to 0.60% and now start from 3.79% up to 75% LTV. 

Landbay has also cut rates on its product transfer range, with two-year options in the range seeing reductions of 0.45%.

This round of rate reductions follows recent cuts across Landbay's non-portfolio range and standard five-year fixed rate products by 0.25%. 

All products are available using Landbay’s variable fee structure for enhanced affordability.  

Rob Stanton (pictured), sales and distribution director at Landbay, said: “Making such a large cut across our buy-to-let product range demonstrates our commitment to making sure our product range is competitive as possible for brokers and their landlord clients. We have seen a lot of positive drivers in the market recently, whether it’s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing. 

“It’s great to be able to share those across our product range, including in-demand products such as our HMO/MUFB offerings, our two-year options and our highly popular product transfer range. We’ll continue to stay close to the market to identify any future opportunities – whether that’s in terms of rates or further product innovation.”