Landbay has reduced rates by up to 0.15% across its non-portfolio buy-to-let (BTL) products.
These products are aimed at landlords with three or fewer mortgaged properties.
The new rates apply to non-portfolio standard and automated valuation model (AVM)-supported 5-year fixed rate products.
Landbay has also introduced a new 5-year fixed option at up to 55% loan-to-value (LTV), offering a rate of 4.84% with a 3% product fee.
Three further standard 5-year fixed rate products have been added at up to 55% LTV, with rates starting at 4.39%.
All products are available with Landbay’s variable fee structure.
Product highlights include a non-portfolio standard and automated valuation model (AVM) 5-year fixed at 75% LTV with a 4.29% rate and 6% fee, a 5-year fixed at 75% LTV at 5.09% with a 2% fee, a non-portfolio standard 5-year fixed at 55% LTV at 4.84% with a 3% fee, and a standard 5-year fixed at 55% LTV at 4.39% with a 6% fee.
Rob Stanton, sales and distribution director at Landbay, said: “Following new innovation in our product transfer range, it’s fantastic to bring to market rate reductions and new products in our ever-popular non-portfolio range.
“This is an important segment of the market that absolutely needs support from lenders, so it is great to be able to assist our broker partners further in meeting this growing demand.
“Our activity this week is a clear example of our commitment to support the buy-to-let market.”
Stanton added: “Not only are we making sure our products remain competitive, but our product range is broad enough to support landlords of all sizes and can help with both new purchases and refinancing.
“As ever, we continue to explore every opportunity to improve and expand our range to benefit our broker partners and their landlord clients.”
