Landbay has reduced rates across its Premier buy-to-let range for the second time this month, with cuts of up to 17bps on selected five-year fixed-rate products.
The buy-to-let lender said all five-year fixed-rate Premier products for purchase and remortgage have been reduced, with rates for 75% LTV products now starting from 4.45%.
Premier is Landbay’s range of standard and HMO products aimed at borrowers with up to 15 mortgaged properties. The products are available to both individual and limited company landlords and include some of the lender’s lowest-priced offerings.
Among the products to receive reductions are remortgage free valuation products, now available from 4.49%, while remortgage fixed fee, free valuation and assisted legals products, including cashback, now start from 5.39%.
Rates have also been cut on small HMO products, which are now available from 4.84%, while product transfer options for existing Landbay landlord borrowers now start from 4.54%.
Landbay said all Premier products continue to offer variable fee options ranging from 0% to 5%, giving brokers and landlord borrowers a wider choice of pricing structures.
The latest changes follow reductions announced last week across the lender’s Core and Specialist ranges.
The Core range is available on standard properties for individuals, limited companies and LLPs, and is open to landlords with portfolios of any size. The Specialist range covers holiday lets, HMOs, multi-unit freehold blocks and trading companies.
Rob Stanton, sales and distribution director at Landbay, said: “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.
“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.
“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.”
