Landbay Reduces Rates

In keeping with its commitment to always be extremely competitive, Landbay has reduced pricing across most of its core products, including its much sought-after green products.

The buy-to-let green product range, which Landbay launched in June with 75 per cent LTVs, now has two-year fixed rates starting from 2.89 per cent (down from 2.99 per cent) and additional 70 per cent LTV options. These are new five-year fixed rates set at 3.09 per cent for properties with an EPC rating of A or B and 3.14 per cent for a C rate property.

In addition, Landbay has refreshed pricing across its core buy-to-let range. This includes two-year fixed rate mortgages starting from 2.85 per cent.

Paul Brett, managing director for intermediaries at Landbay, Intermediaries, said: “Two months into our green mortgage range and the interest from intermediaries has been incredible. We have now introduced a 70 per cent LTV green mortgage, to help satisfy landlord demand.

“We have also been able to lower rates on most of our core products and will continue to maintain our highly competitive stance in the market to ensure a really strong year has an even stronger finish.”