Landbay relaunches 5-year green BTL products

The products were withdrawn following the mini-Budget in September.

Designed for buy-to-let properties with an A-C EPC rating, the range has a 0.10% reduction off Landbay's standard five-year products.

There are five products to choose from, all at 75% loan to value, starting from 4.69% with a 5% fee. 

Two new products have also been launched alongside the green range - a standard two-year fixed rate at 4.19% and a two-year fix for small HMOs or MUFBs at 4.25%. Both have an LTV of 75% and a 4% fee.

Rob Stanton, business development director at Landbay, said: “It’s wonderful news that we can relaunch our green range as there have been less green buy-to-let mortgages in the market recently. We want to encourage landlords to upgrade property to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.

“Our product development team has also been busy designing new products and reducing rates on existing ones giving our intermediary partners and their landlord clients more choice. The two and five-year fixed rates are equally as popular at the moment and by offering a range of rates and fees it is easier for landlords to pass stress tests.”