Landbay cuts rates on Premier remortgage buy-to-let range

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Landbay has reduced rates across selected products in its Premier remortgage range for landlords, with cuts of up to 10 basis points (bps) on 75% loan-to-value five-year fixed-rate deals.

The buy-to-let lender said the changes apply across selected products in its Premier remortgage range, which is aimed at landlords with up to 15 mortgaged properties and is open to both individual and limited company borrowers.

The reductions cover five-year fixed-rate remortgage products at 75% LTV, including variable fee products, AVM deals and fixed-fee options with either assisted legals or cashback. Free valuations are also included on the assisted legals and cashback products.

Under the latest changes, rates on the AVM remortgage range have been reduced by 5bps, while the assisted legals and cashback ranges have both been cut by 10bps.

Among the products highlighted by Landbay are its Premier Remortgage AVM deals, priced at 4.64% with a 5% fee and 5.44% with a 1% fee.

Its Premier Remortgage Assisted Legals products with free valuation are now available at 5.59%, with fee levels linked to maximum loan sizes, starting at £999 for loans up to £100,000 and rising to £1,999 for loans up to £750,000.

The lender said its Premier Remortgage Cashback products with free valuation are also available at 5.59%, with fee levels ranging from £899 for loans up to £150,000 to £1,899 for loans up to £1 million.

Landbay said the changes were intended to give brokers and landlords a wider choice of remortgage options, while also supporting speed and efficiency through the use of AVMs, assisted legals, cashback and free valuations.

Rob Stanton, sales and distribution director at Landbay, said: “In the current market, brokers are continuing to see strong remortgage demand from landlord clients looking to manage costs, refinance efficiently and plan ahead with greater certainty.

“These latest reductions across our Premier remortgage products are intended to support that activity with a broader choice of competitive options.”

He added: “By cutting rates on our AVM, cashback, and assisted legals products, we are offering advisers more flexibility when placing remortgage business, whether the priority is lower pricing, reduced upfront costs or a smoother application and valuation process.

“Our focus remains on providing practical buy-to-let product solutions backed by strong service, clear product structures and the support needed to place business confidently in a market that remains active and price-sensitive.”

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