Buy-to-let (BTL) lender Landbay has cut rates on its Premier Standard 2- and 5-year fixed-rate products by up to 0.10%.
The reductions include both product transfers and like-for-like remortgages.
The Premier range is aimed at landlords with up to 15 properties and is available to both individual and limited company borrowers.
The new 5-year fixed rate is 4.84% and the 2-year fixed rate is 4.79%, both up to 75% loan to value (LTV) with a 1% fee.
There is also a 5-year fix at 4.04% with a 5% fee and a 2-year fix at 3.29% with a 4% fee, both up to 75% LTV.
The like-for-like 2-year fix is now 4.29% (stressed at 4.5%) with a 2% fee, up to 75% LTV.
Additionally, Landbay has launched four new Specialist Holiday Let Small multi-unit freehold block (MUFB) 2- and 5-year fixed-rate products, all up to 75% LTV.
The 5-year fixed rates are 5.49% with a 5% fee and 5.89% with a 3% fee.
The 2-year fixed rates are 4.39% with a 5% fee and 5.39% with a 3% fee.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “With all our products offered within the Premier range, our focus is on keeping rates and criteria sharp, while providing more choice for brokers and their landlord borrower clients.
“Today we’ve been able to cut rates further across both two- and five-year fixes, which come with different fees, delivering a tailored offering for different landlord borrower needs.
“The four new Specialist Holiday Let Small MUFB products provide brokers and their clients with a greater product range depth in what is a growing sector, as landlords seek to diversify and access those areas of the market that can deliver greater yield and profitability.”
Stanton added: “We’ve also been able to add a 5% overpayment function across our entire buy-to-let mortgage range which allows clients to benefit from this greater level of flexibility if they have spare money to put towards their mortgage.
“Overall, we believe these rate cuts, new products and new functionality offers brokers and borrowers an array of different options from Landbay.
“This, at a time when post-Budget certainty means landlords are more likely to be active and taking their next steps, either for new purchases, remortgages or indeed PTs.”
