Landbay has announced rate cuts of up to 0.40% across its buy-to-let (BTL) mortgage range following the launch of its new product transfer service.
Rates for large houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) properties now start at 5.89% for a 5-year fixed deal up to 75% loan-to-value (LTV).
Small HMO products, available up to 80% LTV, have been reduced by up to 0.30%, with rates starting at 6.59%.Â
Rob Stanton, sales and distribution director at Landbay, said: “Following the launch of product transfers, we’re pleased to be announcing further rate reductions across our product range.
“Our HMO/MUFB range remains a popular part of our offering, helping landlords jump on investment opportunities and answer growing demand nationally for this much-needed property type.”
Stanton added: “Cuts of as much as 0.40% demonstrate our commitment to ensuring our product range is as competitive as possible, while expanding our PT range this early on shows we’re not shy to make improvements to best support our broker partners and their clients.
“Whether clients are buying or refinancing, we want to make sure that Landbay is able to offer a broad and diverse product range to give brokers the options they need.”
