Landbay reduces specialist buy-to-let rates

Two-year fixed rates now start at 2.95% at 60% LTV and 3.09% at 70% LTV.

Landbay has also expanded its product offering with a new 70% LTV standard five-year fixed rate at 3.59% and reduced the rate for its 75% LTV standard five-year fixed rate from 3.74% to 3.69%.

All the rates are available for loan sizes up to £1.5m on standard properties.

All new applications will benefit from Landbay’s instant DiP which takes two minutes from start to finish.

Paul Brett, managing director of Intermediaries at Landbay, said: “Demand for buy-to-let is booming at the moment as investors take advantage of the stamp duty holiday. These new lower rates reflect the robust buy-to-let market and help to make it more affordable for investors including those wishing to incorporate their properties into a limited company structure.

“These new rates and additional product will offer more options to intermediaries and their clients who are looking to capitalise on the stamp duty holiday and the high demand for private rental properties.”