Specialist buy-to-let lender Landbay has reduced rates across its fixed product ranges by between 0.3 and 0.7 per cent.
Highlights include like-for-like remortgage standard two-year fixed rates at 75 per cent loan to value (LTV) starting at 4.39 per cent. This is a decrease of 0.4 per cent.
In its standard range, its two-year fixed rate at 75 per cent LTV has fallen by 0.3 per cent to 5.49 per cent.
Its small houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) at 70 per cent LTV rates will begin at 5.79 per cent, which is a cut of 0.6 per cent.
The lender is also reintroducing fixed rate products for trading companies and first-time landlord for small HMOs and MUFBs.
Landbay also offers variable fee structures so landlords can borrower more depending on the rate and fee chosen.
Rob Stanton (pictured), business development director at Landbay, said: “With swap rates reducing we are glad to be able to pass on rate reductions as quickly as possible. This will be welcome news for intermediaries and their landlord clients and covers all of our fixed rate deals.
“We have been able to reduce the rates on so many of our products at the same time due to our highly functional broker portal which we built in-house last year. Our expert IT team and technology means we are able to make changes quickly and efficiently.”
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.
