Landbay has introduced rate reductions across its buy-to-let product range, with rates falling by as much as 0.20%.
Standard 2-year fixed rate products have seen the biggest reduction, with rates now starting at 3.59% at up to 75% loan-to-value (LTV).
The 0.20% reduction also includes the AVM-supported range of standard 2-year fixed rate products, which is designed to offer greater efficiencies and cost savings.
Meanwhile, standard 5-year fixed rate products – available at up to 55% LTV – have been cut by 0.10%.
So have Landbay’s popular range of non-portfolio products, which are suitable for landlords with three or less mortgaged properties.
It follows improvements last week across Landbay’s range of small house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products, where rates were cut by as much as 0.15%.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “After kicking off the year by expanding our popular limited-edition range to include remortgage and new purchase options, it’s great to be able to announce rate cuts across our product range.
“Landlords continue to show their resilience and respond to investment opportunities across the country.
“As a lender, we need to make sure our product range is there for those landlords and the many brokers that support them.”
Stanton added: “Alongside rate cuts to make sure our product range is as competitive as possible, we will continue to introduce new products and prioritise innovation to help brokers answer the demands of landlords of all sizes and requirements.
“It promises to be an exciting year ahead at Landbay as we continue to strengthen our proposition.”
