Landbay has announced the launch of a Limited Edition range of 5-year fixed-rate mortgage products with rates starting at 5.15%.
In addition to this new offering, the company has reduced rates by up to 0.10% on four of its standard 5-year fixed products, which will now have rates of 5.25% and 5.45%.
The new Limited Edition 5-year fixed rates feature options such as a 70% loan-to-value (LTV) mortgage at a rate of 5.15% with a 7% fee, and multiple 75% LTV options starting at 5.35% with a 6% fee and ranging up to 6.15% with a £1,499 fee.
Alongside these new products, Landbay has also updated its existing 5-year fixed rates. Specifically, the 65% and 70% LTV rates have been reduced to 5.25% and 5.45%, down from 5.35% and 5.55%, respectively, each with associated fees.
Rob Stanton (pictured), business development director at Landbay, said: “We are pleased to be able to launch a set of very competitive Limited Edition products to market which will appeal to the large number of landlords still looking for the certainty of a fixed rate. Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.”
He further added: “Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands. These sit alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”
