Landbay has launched a range of 2-year discounted buy-to-let trackers with no early repayment charges (ERCs).
Rates start from 1.49% plus Bank base rate (BBR) (currently 3.5%), up to 75% loan-to-value (LTV) with a variable fee structure of 2% or 3% to assist with affordability.
These discounted trackers are available on standard properties, houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) with loan sizes from £100k to £1m.
There is also a standalone discounted tracker range for trading companies on standard, HMO and MUFB up to 75% LTV and a 3% fee.
Paul Brett, managing director, intermediaries at Landbay, said: “It’s been a busy start to the year for our product design team who have been developing new mortgages to provide more choice to brokers and their landlord clients.
“This new range of 2-year discounted trackers will appeal to borrowers who are unsure of the future and don’t want to tie into 5-year fixes just yet.”
