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Landbay launches 2.99% limited company buy-to-let five-year fix

Buy-to-let lender Landbay has launched the UK’s lowest five-year fixed rate limited company buy-to-let mortgage, at 2.99% to 50% loan-to-value with a 1.5% product fee.

The mortgage is available on standard properties with loan sizes up to £1million.

Paul Brett, managing director of Landbay intermediaries, said: “This is the only five-year fixed rate buy-to-let mortgage for limited companies that is under 3%.

“This should be positive news for brokers and landlords as Landbay is at the forefront of driving down rates and making buy-to-let ever-more affordable at a time when landlords most need it to be.”