Landbay cuts BTL rates by up to 0.35%, expands specialist range
The lender has launched eight new Specialist products, expanding its 65% LTV offering.
Landbay has cut rates by up to 0.35% across its Premier, Core and Specialist buy-to-let ranges, with rates now starting from 3.44%.
The lender has also launched eight new Specialist products, expanding its 65% LTV offering across its Small HMO and MUFB ranges, and widened its Tier 2 criteria to provide greater flexibility for landlords with minor credit blips.
Within the Premier range, 15 2-year fixed 75% LTV products, including Product Transfer and AVM options, have been reduced by 0.15%, with rates now starting from 3.44%.
A further 19 5-year fixed 75% LTV products have been cut by 0.05%, with rates starting from 4.69%.
Small HMO two and 5-year fixed products have been reduced by up to 0.15%, while Assisted Legals 5-year fixes have been cut by 0.07%.
Across Landbay’s Core range, 2- and 5-year fixed products have been reduced by up to 0.35%. 2-year rates now start from 4.29%, while 5-year rates start from 5.04%.
Specialist Small HMO and MUFB rates have also been reduced by up to 0.35%, with 2-year fixes starting from 4.64% and 5-year fixes from 5.69%.
Holiday Let products have been cut by up to 0.25%, while Trading Company products have been reduced by up to 0.15%.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “While market conditions remain volatile, we’re committed to reacting quickly when opportunities arise to improve pricing, helping brokers access lower rates across our Premier, Core and Specialist ranges alongside an expanding product offering.
“These latest reductions, together with the launch of new 65% LTV products and the expansion of our Tier 2 criteria, give brokers even more options to support landlords with a wide range of borrowing requirements.
“We know advisers need a combination of competitive pricing, product choice and certainty of service.
“That’s why we’re continuing to invest across our range, helping brokers place both straightforward and more specialist buy-to-let cases with confidence.”
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