Landbay has made rate cuts of up to 0.20% on its standard 2-year and 2-year fixed-rate buy-to-let (BTL) products.
The full 0.20% reduction applies to the standard 2-year fixed rate products available up to 75% loan-to-value (LTV), with rates now starting at 3.59%.
This includes 2-year fixed products in Landbay’s automated valuation model (AVM)-supported range.
Standard 5-year fixed-rate products in the non-portfolio range have been reduced by 0.10%, now starting at 4.49%.
This also covers AVM-supported products, aimed at landlords with three or fewer mortgaged properties.
These rate cuts followed the recent launch of a limited edition range of eight remortgage products.
Leading products include: AVM/Standard 2-year fixed, up to 75% LTV, at 3.59% with a 6% fee; AVM/Standard 2-year fixed, up to 75% LTV, at 5.59% with a 2% fee; AVM/Non-portfolio Standard 5-year fixed up to 75% LTV, at 4.49% with a 6% Fee; AVM/Non-portfolio Standard 5-year fixed up to 75% LTV, at 5.29% with a 2% fee.
Rob Stanton, sales and distribution director at Landbay, said: “Following reductions last week and our limited-edition launch this week, it’s great to be able to make further rate cuts across our product range.
“Not only does it add to the efficiencies and cost savings of our popular AVM range, but it keeps our product range competitive.
“This is hugely important as we look to help our broker partners support a broad range of landlord requirements, with our successful non-portfolio range being a key example.”
Stanton added: “We remain close to the market to identify any further opportunities to expand or improve our offering.
“Being a tech-first lender with our own in-house broker portal gives us the capability to act very quickly when those opportunities do present themselves, enabling us to best support our brokers and their landlord clients.”
