Landbay has cut rates across more than 50 products in its Premier buy-to-let range, including reductions of up to 40 basis points on selected two-year fixed-rate deals.
The buy-to-let lender said the changes apply across standard and HMO products for landlords with up to 15 mortgaged properties, available to both individual and limited company borrowers.
The largest reductions have been made to Landbay’s Premier 75% loan-to-value two-year fixed-rate range, where rates across 10 products have been cut by 40 basis points.
Following the changes, rates in this part of the range now start from 3.39% with a 5% fee, rising to 5.89% for a zero-fee option.
Landbay has also reduced rates on four 75% loan-to-value Small HMO two-year fixes by 30 basis points, with products now starting from 4.59% with a 3% fee and 5.59% with no fee.
Its 23 Premier Remortgage five-year fixes, which include a free valuation, have had rates cut by up to 20 basis points. Selected products include a 4.62% rate with a 5% fee and a 5.64% zero-fee option.
The lender has also cut rates by 15 basis points across 21 Premier five-year fixed 75% loan-to-value products, covering standard purchase, remortgage, product transfer and Small HMO. Selected products include a 4.59% deal with a 5% fee and a 5.62% zero-fee product.
Rob Stanton, sales and distribution director at Landbay, said: “These latest changes represent a significant enhancement to our Premier range and provide brokers with even more competitively-priced options across a broad range of landlord requirements.
“While the headline reduction is the 40 basis point cut to our 75% LTV two-year fixed-rate products, we have also made meaningful reductions across our Small HMO, remortgage and five-year fixed-rate ranges.
“This ensures advisers can access strong pricing whether they are supporting purchase, remortgage, product transfer or specialist property cases.
“Our focus remains on providing brokers with choice, flexibility and value. By making reductions across more than 50 products, we are seeking to support advisers and their landlord clients with a comprehensive range that remains competitive across multiple sectors of the buy-to-let market.”
