Landbay has made a reduction of up to 0.20% across its fixed rate buy-to-let (BTL) products.
The largest reduction was applied to its non-portfolio products aimed at landlords with three or fewer mortgaged properties.
Both 2-year and 5-year fixed rate products, available with up to 70% and 75% loan-to-value (LTV), have seen the full 0.20% reduction.
This includes Landbay’s automated valuation model (AVM) supported standard and non-portfolio products, available with 1-year or 5-year fixed rates at up to 75% LTV.
In addition, rates on its 55% LTV, 2-year and 5-year fixed rate products have been reduced by 0.15%.
Intermediaries can access all products through Landbay’s buy-to-let affordability calculator, which includes a variable fee structure for better affordability.
Leading products include the standard AVM and standard 2-year fixed at 75% LTV for 3.79% with a 6% fee, and the standard AVM and standard 2-year fixed at 75% LTV for 5.79% with a 2% fee.
Non-portfolio and AVM non-portfolio standard 5-year fixed at 75% LTV is available for 4.59% with a 6% fee, and 5.39% with a 2% fee.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “It’s great to be in a position once again where we are moving in the opposite direction to much of the market and bringing forward rate reductions.
“These are not on niche products either, but across our fixed rate range, including standard products, support for smaller landlords and through our innovative range of AVM products.
“These have proven incredibly popular thanks to the efficiencies and cost savings they can offer. By leveraging our in-house technology and broker portal, along with our close relationships with our funders, we are able to identify opportunities and take action very quickly.
“This means brokers have access to a competitive range of products to support the many landlords still seizing opportunities and making moves in the current market.”
