Landbay lowers buy-to-let rates

Landbay has lowered the rates on its 80% LTV mortgages so they now start from 3.79%.

The lender now offers a large loan 5-year fixed rate at 3.49% to 70% LTV with £750 cashback.

Meanwhile 2-year fixed rate products start from 2.95%, and 5-year fixed rate mortgages now start from 3.34%.

Paul Brett, managing director of Intermediaries at Landbay, said: “Despite the stamp duty holiday deadline looming on the horizon, the start of the year has seen a tremendous demand for buy-to-let. Rents continue to rise and Rightmove reports that demand for rental property is up 20%.

“All of this means that buy-to-let remains a solid medium-term investment and many intermediaries will also be seeing an increase in demand from their landlord clients, particularly those with portfolios.

“To meet this rising demand, we have completely refreshed our range and improved our already market leading offering. Our range now includes products with free valuations, free title insurance, cashback options and special HMO products, so we have a product to fit almost every client’s needs.”