Landbay has cut buy-to-let mortgage rates by up to 17bps across its Premier range, the second time the lender has reduced pricing on these products in June.
All five-year fixed-rate Premier products, covering both purchase and remortgage, have been reduced, with 75% LTV options now starting from 4.45%. The Premier range covers standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords.
Additional five-year fixed rate reductions at 75% LTV include:
- Remortgage Free Valuation products, now from 4.49%
- Remortgage Fixed Fee, Free Valuation and Assisted Legals products, now from 5.39%
- Small HMO products, now from 4.84%
- Product Transfer products for existing Landbay borrowers, now from 4.54%
All Premier products continue to offer variable fee options ranging from zero to 5%, designed to support affordability and give landlord borrowers greater choice.
The Premier reductions follow cuts made the previous week to Landbay's Core and Specialist ranges. The Core range covers standard properties for individuals, limited companies and LLPs, across portfolios of any size, with AVM options also available. Specialist products cover holiday lets, HMOs, MUFBs and trading companies.
"Following the positive response to our Premier product rate reductions at the start of June, and last week's cuts across our Core and Specialist ranges, we are pleased to be making further improvements to pricing across a number of key products within the Premier proposition," said Rob Stanton, sales and distribution director at Landbay (pictured).
"These latest cuts strengthen some of our most popular purchase, remortgage, product transfer and Small HMO options, ensuring brokers have access to highly competitive solutions across a broad range of landlord requirements.
Stanton added, "At a time when advisers are seeing increasing levels of activity from landlords looking to purchase, refinance or review existing borrowing arrangements, it is important they have access to both competitive pricing and a wide choice of product options.
"Our focus remains on supporting brokers with products that combine value, flexibility and certainty. By making further reductions across the Premier range, while maintaining the breadth of options available through our wider proposition, we are continuing to provide advisers and their landlord clients with the finance they need to make confident borrowing decisions."
