Specialist buy-to-let lender Landbay has restructured prices across its fixed rate product range, with reductions ranging from 0.30% to 0.70%.
Highlights from the new product lineup include a 2-year standard fixed remortgage for like-for-like at 75% LTV, which sees rates starting at 4.39%, a decrease of 0.40%.
The standard 2-year fixed rate at 75% LTV now starts at 5.49%, reflecting a 0.30% reduction.
Another reduction is seen in the small HMO/MUFB 5-year fix at 70% LTV, where rates now start at 5.79%, marking a 0.60% reduction.
The lender is also reintroducing fixed rate products for trading companies as well as for first-time landlord small HMO/MUFB.
Rob Stanton (pictured), business development director at Landbay, said: “With swaps rates reducing we are glad to be able to pass on rate reductions as quickly as possible. This will be welcome news for intermediaries and their landlord clients and covers all of our fixed rate deals.”
He added: “We have been able to reduce the rates on so many of our products at the same time due to our highly functional broker portal which we built in-house last year.
“Our expert IT team and technology means we are able to make changes quickly and efficiently.”
