Landbay has made rate reductions across its non-portfolio range of products, with rates falling by 0.25%.
The non-portfolio range, designed for landlords with three or fewer mortgaged properties, benefits from both automated valuation model (AVM) and standard valuation options.
This 5-year fixed rate range starts at 4.09% and is available up to 75% loan-to-value (LTV).
In addition, Landbay’s standard 5-year fixed rate 55% LTV products have also seen a 0.25% reduction, which now start at 4.19%.
All products feature a variable fee structure for enhanced affordability. Intermediaries can view and compare all products using Landbay’s newly enhanced buy-to-let affordability calculator.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “Our recent data has demonstrated the appetite that still exists among landlords to invest in property.
“As a BTL lender, we’re not doing our job if we’re not making sure we support every corner of the market with relevant products and competitive rates.
“It’s great to be able to bring reductions to our non-portfolio range, which remains hugely popular as it answers a clear need and demand in the market.
“For the health and prosperity of the private rented sector, we absolutely need to be supporting landlords of all shapes and sizes, and equipping advisers with the broad product range that enables them to deliver the value that they offer.
“It presents a great opportunity to check out our enhanced affordability calculator – especially with a whole host of improvements and upgrades made.”
