Landbay launches BTL Special Edition range from 4.89%

Landbay has launched a Special Edition limited range of five-year fixed rate buy-to-let mortgages with rates starting from 4.89% going up to 5.49%.

These highly competitive rates are available for a limited time only on standard properties including new builds.

There are four 75% LTV products ranging from £100,000 to £1m and four 65% LTV for landlords wanting larger loans from £1m to £1.5m.

The rates and fees on these five-year fixes are the same for both 65% and 75% LTVs:

· Rate 4.89% – Fee 5%

· Rate 5.09% – Fee 4%

· Rate 5.29% – Fee 3%

· Rate 5.49% – Fee 2%

Paul Brett, managing director, intermediaries at Landbay, commented: “Due to our diverse funding we have been able to develop a range of very competitive, five-year fixed rate mortgages for landlords.

“This range is a limited edition so once the funds have gone, so will the products.”