Landbay has announced rate reductions of up to 10 basis points across its Premier two- and five-year fixed products, alongside four new additions to its specialist range aimed at the growing holiday let small MUFB market.

The Premier range is designed for landlords with up to 15 properties, including both individual and limited company borrowers. Landbay positions these products as among its most competitive buy-to-let options and has sought to streamline criteria while maintaining choice for brokers.

The revised pricing includes a five-year fixed at 4.84% and a two-year fixed at 4.79%, both up to 75% LTV with a 1% fee. A second set of products offers a five-year fixed at 4.04% with a 5% fee and a two-year at 3.29% with a 4% fee, again up to 75% LTV.

The lender has also cut the like-for-like two-year fixed to 4.29%, stressed at 4.5%, with a 2% fee up to 75% LTV. These changes apply across new business, product transfers and like-for-like remortgages.

NEW SPECIALIST HOLIDAY LET OPTIONS

Alongside the Premier reductions, Landbay has unveiled four Specialist Holiday Let Small MUFB products, available on two- and five-year terms up to 75% LTV.

The five-year fixes are priced at 5.49% with a 5% fee and 5.89% with a 3% fee. The two-year alternatives stand at 4.39% with a 5% fee and 5.39% with a 3% fee. The lender says the products respond to rising demand from landlords diversifying into higher-yield short-term rental sectors.

Landbay has also introduced an overpayment feature, allowing borrowers to repay up to 5% of the outstanding balance each year on new applications across its entire buy-to-let mortgage range.

Rob Stanton, sales and distribution director at Landbay, said: “With all our products offered within the Premier range, our focus is on keeping rates and criteria sharp, while providing more choice for brokers and their landlord borrower clients.

“Today we’ve been able to cut rates further across both two- and five-year fixes, which come with different fees, delivering a tailored offering for different landlord borrower needs.

“The four new Specialist Holiday Let Small MUFB products provide brokers and their clients with a greater product range depth in what is a growing sector, as landlords seek to diversify and access those areas of the market that can deliver greater yield and profitability.

“We’ve also been able to add a 5% overpayment function across our entire buy-to-let mortgage range which allows clients to benefit from this greater level of flexibility if they have spare money to put towards their mortgage.

“Overall, we believe these rate cuts, new products and new functionality offers brokers and borrowers an array of different options from Landbay.

“This, at a time when post-Budget certainty means landlords are more likely to be active and taking their next steps, either for new purchases, remortgages or indeed PTs.”