Specialist buy-to-let lender Landbay has cut rates and replaced withdrawn products within its term tracker range.
Term tracker rates have fallen by 0.86 per cent to 4.34 per cent for standard, small Houses in Multiple Occupation (HMO) and small multi-unit freehold block (MUFB) products.
The products are eligible for new build and for older properties up to 75 per cent loan to value (LTV).
For large HMOs and MUFBs, rates have been cut by 1.1 per cent to 4.59 per cent. The LTV has risen to from 70 per cent to 75 per cent.
The products track the Bank of England base rate, which was increased by 0.5 per cent to 1.75 per cent last month.
The products are also not subject to early repayment charges.
Paul Brett, managing director for intermediaries at Landbay, said: “These term tracker products offer flexibility as well as competitive pricing, while offering borrowers the opportunity to remortgage to another product at any stage without penalty if they wish.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
