Specialist buy-to-let lender Landbay has made rate reductions to its standard 5-year fixed rate products, with a 0.10% decrease across the entire range.
The range starts at 4.85%, with all products stressed at payrate and available through Landbay’s variable fee structure.
Across varying loan-to-values (LTVs), the product range can accommodate loan sizes from £30,000 up to £1.5m.
Landbay also added a new 55% LTV range, with rates starting at 4.85%.
Product highlights include:
- Standard property 5 Year fixed rate – up to 55% LTV @ 4.85% with 7% fee
- Standard property 5 Year fixed rate – up to 65% LTV @ 4.95% with 7% fee (for loans from £1M to £1.5M)
- Standard property 5 Year fixed rate – up to 70% LTV @ 4.95% with 7% fee
- Standard property 5 Year fixed rate – up to 75% LTV @ 5.15% with 6% fee
Rob Stanton (pictured), business development director at Landbay, said: “Responding quickly to changes in the market remains an absolute priority for us as we look to support brokers through a broad and competitive range of products.
“Having the technology and ability in house to react at pace is a key component in making this a reality.
“As affordability remains a challenge for both brokers and borrowers, we firmly believe mechanisms such as our variable fee structure present a valuable proposition.
“While it may not suit all appetites, it’s a great way to for brokers to maximise the borrowing potential of their clients in a difficult climate.
“Combine this with the stress test at payrate, a range of LTVs and acceptable loan sizes and we believe the range helps brokers support their clients.”
