The full 0.2% reduction has been seen on its standard two-year fixed rate products available up to 75% loan to value (LTV), with rates now starting from 3.59% with a 6% fee.
With a lower 2% fee, the two-year fixed deal at the same tier is priced at 5.59%.
For non-portfolio lending, the five-year fix with a 6% fee has a rate of 4.49% while the option with a 2% fee has a rate of 5.29%.
Latest product launches
The rate reductions closely follow Landbay’s launch of a limited-edition range of eight remortgage products.
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Intermediaries can view and compare all of Landbay’s products by using its buy-to-let (BTL) affordability calculator.
Landbay’s variable fee structure is also available to use across the product range for enhanced affordability.
Rob Stanton, sales and distribution director at Landbay, said: “Following reductions last week and our limited-edition launch this week, it’s great to be able to make further rate cuts across our product range.
“Not only does it add to the efficiencies and cost savings of our popular AVM range, but it keeps our product range competitive.
“This is hugely important as we look to help our broker partners support a broad range of landlord requirements, with our successful non-portfolio range being a key example.”
He continued: “We remain close to the market to identify any further opportunities to expand or improve our offering. Being a tech-first lender with our own in-house broker portal gives us the capability to act very quickly when those opportunities do present themselves, enabling us to best support our brokers and their landlord clients.”
