Landbay cuts Premier buy-to-let rates for second time in June
All 5-year fixed-rate Premier products for both purchases and remortgages have been reduced by up to 17bps.
Landbay has reduced rates across its Premier buy-to-let range for the second time this month, with cuts of up to 17 basis points (bps) across selected products.
All 5-year fixed-rate Premier products for both purchases and remortgages have been reduced by up to 17bps, with 75% loan-to-value (LTV) options now starting from 4.45%.
The Premier range comprises standard and HMO products for borrowers with up to 15 mortgaged properties and is available to both individual and limited company landlords.
Among the products receiving rate reductions are remortgage free valuation products, now available from 4.49%, remortgage fixed fee, free valuation and assisted legals products, including cashback, now available from 5.39%, and small HMO products, which now start from 4.84%.
Rates have also been reduced on product transfer options for existing Landbay borrowers, with pricing now available from 4.54%.
All Premier products continue to offer variable fee options ranging from zero to 5%.
The latest reductions follow cuts announced last week across Landbay’s Core and Specialist ranges.
Landbay’s Core range is available for standard properties owned by individuals, limited companies and LLPs, while its Specialist range covers holiday lets, HMOs, MUFBs and trading companies.
Rob Stanton, sales and distribution director at Landbay, said: “Following the positive response to our Premier product rate reductions at the start of June, and last week’s cuts across our Core and Specialist ranges, we are pleased to be making further improvements to pricing across a number of key products within the Premier proposition.
“These latest cuts strengthen some of our most popular purchase, remortgage, product transfer and Small HMO options, ensuring brokers have access to highly competitive solutions across a broad range of landlord requirements.
“At a time when advisers are seeing increasing levels of activity from landlords looking to purchase, refinance or review existing borrowing arrangements, it is important they have access to both competitive pricing and a wide choice of product options.
“Our focus remains on supporting brokers with products that combine value, flexibility and certainty.
“By making further reductions across the Premier range, while maintaining the breadth of options available through our wider proposition, we are continuing to provide advisers and their landlord clients with the finance they need to make confident borrowing decisions.”
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