Landbay has made rate reductions of 10 basis points (bps) across its limited edition small HMO/MUFB products.
The buy-to-let lender’s five-year fixed rate products now start at 4.99% at up to 75% loan-to-value (LTV). The four products joined the limited edition product range at the start of the month to support loans between £150,000 and £500,000.
As well as the HMO/MUFB options, the limited edition range also includes remortgage options and those for new purchases.
PT PROPOSITION
Meanwhile, Landbay has reduced rates on HMO/MUFB products within its new product transfer offering by 10bps. These products now also start at 4.99% and are available at up to 75% LTV.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “Whether it’s introducing new products or reducing rates, we are constantly reviewing our product range to make sure we offer our broker partners a broad range of competitive products to help them support landlord clients of all shapes and sizes.
“It’s great to be in a position to cut rates on in-demand products such as our HMO/MUFB options in two highly-popular product ranges – our popular limited edition range and our new product transfer offering.
“We continue to see a real resilience in the buy-to-let market with landlords not just staying in the market, but actively looking to buy. Whether it’s building, scaling or refinancing a buy-to-let portfolio, we’re able to demonstrate through our intermediary partners that Landbay is ready and willing to support them.”
