Landbay reduces two-year fixes by 0.40%

Landbay has announced rate reductions across its standard two-year fixed rate buy-to-let mortgage products.

The specialist buy-to-let lender has introduced a 65% LTV two-year fix at 5.24% and reduced its 75% LTV two-year fix by 40 basis points to 5.29%. Both products have a 3% fee.

Last week, Landbay reduced rates on all of its five-year fixed rate mortgages by up to 0.30%.

Paul Brett, managing director of intermediaries at Landbay, commented: “Last week we reduced our entire five-year fixed rate buy-to-let range and this week it’s the turn of our two-year fixes.

“With uncertainty in the market around the future direction of rates and when they will stabilise, our repriced five and two-year fixed rate options give brokers and their landlord clients choices.”