Landbay has reduced rates by up to 20 basis points across its Core and Specialist buy-to-let mortgage ranges, while also lowering pricing on product transfer options.
The buy-to-let lender has announced a series of reductions across products designed for both standard and specialist property types, with cuts of up to 20bps on selected two-year and five-year fixed-rate deals.
The changes apply to Landbay’s Core range, which is available to individual landlords, limited companies and LLPs, and covers standard properties across portfolios of all sizes. The range also includes automated valuation model (AVM) options.
Within the Core range, five-year fixed-rate products at 75% loan-to-value have been reduced by 20bps and are now available from 4.74%. Two-year fixed-rate products have also been cut by 20bps and now start from 3.99%.
Landbay has also reduced pricing within its Specialist range, which covers holiday lets, HMOs, multi-unit freehold blocks (MUFBs) and trading companies. Five-year fixed-rate HMO and MUFB products at 75% LTV have been reduced by 10bps and are now available from 5.44%, while two-year fixed-rate products have been cut by 10bps and now start from 4.34%.
The lender has also lowered rates across its Core Product Transfer range. Five-year fixed-rate options up to 75% LTV are now available from 5.24%, while two-year fixed-rates start from 4.24%.
The latest reductions follow a round of cuts announced earlier this month across more than 50 products in Landbay’s Premier range. That range caters for standard and HMO properties with up to 15 mortgaged properties and is available to both individual and limited company landlords.
Rob Stanton, sales and distribution director at Landbay, said: “Following the widespread reductions we announced within our Premier range earlier this month, we are pleased to be making further cuts across both our Core and Specialist products.
“These latest changes mean brokers have access to even more competitive pricing across a wider range of landlord scenarios, wants and needs, whether they are placing straightforward buy-to-let cases or supporting clients with more specialist borrowing needs such as HMOs and MUFBs.
“While market conditions remain fluid, we remain committed to doing everything we can to support brokers and their landlord clients with competitive products, broad lending options and certainty of service.
“The strength of our proposition lies not only in pricing, but also in the breadth of choice we can offer, and these reductions ensure advisers have access to solutions that can meet the needs of landlords at all stages of their property investment journey.”
