Landbay reduces core rates and increases maximum loan sizes

Buy-to-let lender, Landbay, has reduced rates by 0.20% across selected core two and five-year fixed rate products, alongside increases to maximum loan sizes for its standard products.

Landbay’s core range is designed for standard buy-to-let properties, offering greater flexibility and AVM options for individual borrowers, limited company SPVs and LLPs.

The changes apply across 15 core products, including both standard and AVM options.

Standard and AVM two-year fixed-rates now start at 4.19% with a 5% fee or 5.69% with a 2% fee. Five-year fixed rates have reduced to 4.94% with a 6% fee and 5.74% with a 2% fee.

The standard products now have an increased maximum loan size of £1.5m. 

Rob Stanton, sales and distribution director at Landbay, said: “The market remains highly price-sensitive, and we know brokers are working with landlord clients who are focused on securing competitive rates while also accessing sufficient borrowing to support their investment plans.

“By reducing rates across our core range and increasing maximum loan sizes, we are giving advisers greater flexibility when structuring cases, particularly where larger loan amounts are required. This is especially important as we continue to see activity across both remortgage and purchase business.

“It is important pricing is matched with practical lending criteria and a clear product structure. Our core range is designed to offer straightforward solutions that brokers can rely on, with AVM options also helping to support speed and efficiency where appropriate.”