Landbay has announced its sixth repricing of the year, unveiling a series of rate cuts across both its limited edition and product transfer buy-to-let ranges.
The latest reductions see rates lowered by up to 10 basis points (bps).
The most competitive rate in the limited edition range now begins at 4.39% for a standard five-year fixed product at 70% loan-to-value. Designed for both purchases and remortgages, the range includes eight options in total, with particular focus on cost-efficiency through AVM-backed products. Specialist landlords are also catered for, with products available for small HMOs and multi-unit freehold blocks.
Landbay has also cut pricing on its relatively new product transfer range, which launched earlier this year. Five-year fixed rates now start at 4.44%, with loans available at up to 75% LTV. Rates on small HMO and MUFB products within the product transfer suite have been trimmed by 0.05%, starting at 4.94%.
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According to the lender, the product transfer initiative has gained strong traction with brokers and landlords looking for a streamlined way to refinance. It features a fully digital application journey, automated valuation options and a variable fee structure designed to support affordability.
Rob Stanton, sales and distribution director at Landbay, said the changes underscore the lender’s responsiveness in a competitive lending environment. “As ever, we remain agile in the current market and respond to opportunities to cut rates and ensure our product range is competitive as possible,” he said.
“We continue to demonstrate that we’re not shy of passing on reductions at the earliest opportunity in what is our sixth round of reductions already this year.”
Stanton added that the product transfer range had quickly established itself as a core part of Landbay’s offering. “Given how popular our new product transfer range has proven to be, it’s fantastic to be able to bring forward further reductions – including to valuable HMO/MUFB options in the range,” he said. “Product choice, speed and agility have to be key hallmarks of a lender in the current market – particularly in the buy-to-let sector. Fortunately, our tech-first approach and broad funding model allows us to achieve this.”
The repriced limited edition products include standard five-year fixed rates at 4.39% with a 6% fee at 70% LTV, and 5.19% with a 2% fee at 75% LTV. HMO and MUFB five-year fixes start from 4.89% with a 5% fee.
On the product transfer side, standard five-year fixes are priced from 4.44% at 70% LTV with a 6% fee, and 5.24% at 75% LTV with a 2% fee. For small HMOs and MUFBs, five-year fixed rates now start at 4.94% with a 5% fee.
All products are now live and available via Landbay’s buy-to-let affordability calculator.
