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Landbay cuts rates and brings out limited edition deals

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  • 29/08/2023
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Landbay cuts rates and brings out limited edition deals
Buy-to-let lender Landbay has launched a limited edition standard five-year fixed rate range and lowered select rates.

Limited edition products start from 5.15 per cent at 70 per cent loan to value (LTV) with a seven per cent fee.

Other products in the limited edition range include a 75 per cent LTV deal at 5.35 per cent with a six per cent fee and 5.55 per cent with a five per cent fee at the same LTV tier.

The lender has added other fee options at 75 per cent LTV, with its deals with a four per cent fee coming to 5.75 per cent, 5.95 per cent with a three per cent fee and 6.15 per cent with a two per cent fee.

With a £1,499 fee, the rate stands at 6.15 per cent.

Standard five-year fixed rates have been reduced by 0.1 per cent, with its deal at 65 and 70 per cent LTV with a seven per cent fee coming to 5.25 per cent and 5.45 per cent with a six per cent fee at the same LTV tiers.

Rob Stanton (pictured), business development director at Landbay, said: “We are pleased to be able to launch a set of very competitive limited edition products to market which will appeal to the large number of landlords still looking for the certainty of a fixed rate. Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.

“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands. These sit alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”

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