Landbay Reduces Rates Across Core Buy-to-Let Mortgage Range

Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Landbay Reduces Rates Across Core Buy-to-Let Mortgage Range

Landbay, a buy-to-let lender, has announced a series of rate reductions across its Core buy-to-let mortgage range. The changes include cuts of up to 0.20% on selected products at 75% loan-to-value (LTV).

The reductions apply to 19 of Landbay’s two- and five-year fixed-rate products within its standard Core and Core AVM options. Six two-year fixed-rate products have seen rate reductions of 0.20%, while 13 five-year fixed-rate products have been cut by 0.10%.

Following these changes, selected 75% LTV product highlights include:

• Core and Core AVM two-year fixes at 4.09% with a 5% fee
• Core and Core AVM two-year fixes at 5.59% with a 2% fee
• Core and Core AVM five-year fixes at 4.94% with a 6% fee
• Core and Core AVM five-year fixes at 5.74% with a 2% fee

The Core range is available for lending on standard properties for individuals, limited companies, and LLPs. It is open to landlords with portfolios of any size and includes AVM options. The products also offer brokers a choice of variable fee structures.

These changes may be relevant to letting agents and inventory clerks working with landlords seeking competitive buy-to-let mortgage options.