Landbay has cut rates on its 5-year fixed Premier buy-to-let (BTL) products, with rates now starting from 4.09%.
The largest reduction is 0.15% on the Premier 5-year fixed products at up to 75% loan-to-value (LTV).
Free valuation remortgage products in the same range have dropped by 0.13%, now starting at 4.14% for up to 75% LTV.
Product transfer options, including those with free valuations, have seen cuts of up to 0.14%.
Premier 5-year fixed 75% LTV 5% fee is now at 4.09%, and the Premier 5-year fixed 75% LTV 1% fee is now at 4.89%.
Premier Remortgage Free Val 5-year fixed 75% LTV 5% fee is at 4.14%, with the 1% fee version at 4.94%.
Product Transfer Premier 5-year fixed 75% LTV 5% fee is at 4.15%, while the 2% fee option is at 4.75%.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products.
“This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well those in the process of refinancing.
“Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand, but ensure our rates are as competitive as possible.”
Stanton added: “Across our Premier, Core and Specialist product lines, we remain committed to providing options to help our intermediary partners support landlords of all sizes and setups.
“Achieving this requires the right combination of innovation and agility to identify gaps in the market for new products and opportunities to tweak and improve the rates we offer.
“On both counts, our tech-first approach to lending enables us to act quickly as soon as the opportunity presents itself.”
