Landbay has announced a fresh round of pricing cuts across its buy-to-let proposition, reducing rates by up to 20 basis points across its Premier, Core and Specialist products.

The changes apply to two-year and five-year fixed-rate products, including like-for-like remortgages, product transfers and options with free valuations and assisted legal packages.

Within the lender’s Premier range, rates have been reduced by up to 15 basis points. A five-year fixed-rate product with no fee is now available at 4.95%, down from 5.09%, while a five-year fix with a 3% fee has been cut to 4.35% from 4.49%.

Both products are offered up to 75% loan-to-value.

FIVE-YEAR DEALS

Landbay has also reduced its five-year remortgage fixes within the Premier range to 4.97%, previously 5.09%. These products, available up to 75% LTV, include assisted legals and free valuations and carry a fixed fee based on loan size, up to £750,000.

The Premier range is aimed at landlords with up to 15 mortgaged properties and is open to both individual and limited company borrowers. It represents the lender’s standard buy-to-let offering and includes its most competitive rates.

Alongside the Premier reductions, Landbay has cut rates by up to 20 basis points across its Core and Specialist ranges. These products cover limited company structures, holiday lets and small HMOs and multi-unit freehold blocks.

The lender said the latest reductions were designed to offer brokers more competitive options across purchases, remortgages and product transfers, as well as for more specialist property types.

Rob Stanton, sales and distribution director at Landbay, said: “The market has shifted again in recent weeks, and we have taken the decision to pass on further rate reductions across our range.

“We know brokers are working with landlords who are focused on managing costs and planning ahead with greater certainty, particularly those coming to the end of existing fixed rates.

“By cutting rates across our Premier, Core and Specialist, we are giving advisers more scope to place cases competitively, whether they are straightforward or more complex.

“It is also important that price is backed up by strong service and a clear product structure.

“Our five-year remortgage fixes with assisted legals and free valuations remain a key part of that, helping landlords refinance efficiently while keeping upfront costs in check.

“We will continue to review our pricing closely and respond where we can, so brokers have the support they need in a market that remains active and price-sensitive.”