Buy-to-let lender Landbay has lowered its rates by up to 0.10% across all standard 5-year fixed-rate products, with many starting below 5%, including the 75% LTV range.
The company has also increased its maximum loan size for 55% and 65% LTV products to £2m, up from £1.5m, and for 75% LTV mortgages from £1m to £1.5m.
These products offer variable fees to enhance affordability, allowing landlords to borrow more based on the interest rate and fee combination.
Rob Stanton, business development director at Landbay, said: “This is our third round of rate reductions in just over two weeks as we react quickly to movements in the money markets.
“We are also pleased to increase our loan sizes for buy-to-let lending at the higher end of the borrowing scale.
“The rate reductions and maximum loans will give more options to intermediaries looking to find competitive products for their landlord clients.”
