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Landbay Reduces Buy-to-Let Rates by Up to 0.2% Across Core Range

Landbay has announced a series of rate reductions of up to 0.2% across its Core buy-to-let (BTL) mortgage range. The changes affect 19 products at 75% loan-to-value (LTV), including both two- and five-year fixed rate options.

The lender’s updated Core and Core automated valuation model (AVM) range now includes two-year fixed rate products at 4.09% with a 5% fee and 5.59% with a 2% fee. For landlords seeking longer terms, five-year fixed rate products are available at 4.94% with a 6% fee or 5.74% with a 2% fee.

According to Landbay, the reductions apply to 19 of its 75% LTV two- and five-year fixed rate products, covering both standard Core and Core AVM options. Six two-year fixed rate products have been reduced by 0.2%, while 13 five-year fixed rate products have been cut by 0.1%.

The Core range is available for lending on standard properties and is open to individuals, limited companies, and LLPs. It is accessible to landlords with portfolios of any size and offers AVM options.

These changes provide brokers and their landlord clients with a wider choice of fee structures and competitive rates at 75% LTV. The range is designed to offer flexibility for a variety of borrowing requirements in the buy-to-let sector.