Landbay Adjusts BTL Range
Specialist buy-to-let lender Landbay continues to make rate reductions across the board, this time on its Special Edition range, and includes the addition of two new green products.
Within the refreshed Special Edition range the standard 70 per cent LTV two-year fixed rate is set at 2.79per cent, down from 2.95per cent.
The standard five-year fixed rate is 2.89 per cent, reduced from 2.99 per cent, for the 50 per cent LTV product, while the 70 per cent LTV option drops to 2.99 per cent from 3.39 per cent.
There are also significant reductions in the small HMO range for properties up to six bedrooms. Both products are set at 70 per cent LTV with the two-year fixed rate at 2.89 per cent, down from 3.35 per cent, and the five-year fix is reduced to 3.14 per cent from 3.59 per cent.
The two new green products are both five-year fixed rates at 70per cent LTV. For properties with an EPC rating of A or B, the rate is 2.89 per cent, and a C rating is 2.94 per cent.
Paul Brett, managing director, intermediaries at Landbay, said: “All bar one of the rates in our rejigged Special Edition range are below 3per cent making these products highly competitive. This follows on from the rate reductions across our core range announced last month. The interest we have received in our core green mortgage range, which we launched in June, led us to introduce green products into our Special Edition range. We are always keen to provide more choice as well as competitive products for our broker partners and their landlord clients.”