Landbay reduces two-year fixes by 0.40%
The specialist buy-to-let lender has introduced a 65% LTV two-year fix at 5.24% and reduced existing rates by up to 40bps.
"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."
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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote