Buy-to-let (BTL) lender Landbay has made reductions across its standard fixed product range of up to 0.4% and added two-year options.
The cuts apply to Landbay’s standard two-year fixes up to 70% loan to value (LTV), while options up to 55% LTV have been reduced by as much as 0.3%.
The lender has also reduced pricing across its five-year fixed rate non-portfolio products – which were launched last week – by 0.15%.
Its non-portfolio standard five-year fixed product rates up to 75% LTV now start from 4.25%.
Meanwhile, standard two-year fixed rates, also up to 75% LTV, begin from 4.19%, and five-year fixed deals start from 4.34%.
Landbay has also released a pair of standard two-year fixed options. This includes a deal available up to 55% LTV with a 3% fee and a 75% LTV option with a 2% fee.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “Ahead of today’s base rate decision, we are really pleased to be able to make further cuts across our product range, as well as launch two brand-new products.
“We always pride ourselves on our ability to move quickly and make any necessary cuts as soon as possible to help our broker clients support landlords all across the country.”
He added: “Two-year fixed rates continue to be a really competitive option for those landlords that don’t want to be locked in for too long, but still want to benefit from some stability. As landlords try to read the market and best predict the future path of both the base rate and mortgage rates in general, we expect this option to continue to grow in popularity.
“It’s important we help our broker partners in answering this demand.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
