Specialist buy-to-let lender Landbay has brought back its green 5-year fixed rate range, which was withdrawn following the mini-Budget in September 2022.
The range is aimed at properties with an EPC rating of A-C and has a 0.10% reduction off Landbay’s 5-year standard products.
Rob Stanton (pictured), business development director at Landbay, said: “It’s wonderful news that we can relaunch our green range as there have been less green buy-to-let mortgages in the market recently.
“We want to encourage landlords to upgrade property to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.”
There are five options available at 75% loan-to-value (LTV), with rates starting at 4.69% and a 5% fee. The green range includes options for a 4% fee and a choice between a 2% fee or £1,999.
In addition to the green range, Landbay has also launched two new mortgages and reduced rates on others.
The new standard 2-year fixed rate mortgage has an LTV of 75% and a 4% fee, with rates starting at 4.19%.
The 2-year fix for small HMO/MUFB has an LTV of 75% and a 4% fee, with rates starting at 4.25%.
Two standard 5-year fixed rate products with a 3% fee have also seen a reduction in rates. The 55% LTV product has dropped to 4.99% from 5.09%, while the 65% LTV product is now 5.09%, down from 5.14%.
Stanton added that Landbay’s product development team has been busy designing new products and reducing rates on existing ones, giving intermediary partners and their landlord clients more choice.
