Products includes its limited edition standard five-year fixed rates at 70 per cent loan to value (LTV) with seven per cent fee at 5.05 per cent, which is down from 5.15 per cent.
Its five-year fixed rate at 75 per cent LTV has fallen from 5.35 per cent to 5.25 per cent with six per cent fee, its three per cent fee version has decreased from 5.95 per cent to 5.85 per cent and its two per cent iteration has gone down from 6.15 per cent to 6.05 per cent.
Its five-year fixed rate with £1,499 fee has gone down by from 6.15 per cent to 6.05 per cent.
Rob Stanton, business development director at Landbay, said: “Being an agile fintech lender means we’ve been able to react quickly to market changes as swap rates have come down.
“As our broker portal has been built in-house and is managed by our own team, we can make systems changes in minutes rather than days or weeks. This means we can stay competitive and move fast when the opportunity to reduce rates arises.
“Our variable fee structure helps intermediaries to find the right product for their landlord clients when assessing affordability. It is easy to compare products using our recently upgraded buy-to-let affordability calculator as you can mix and match different fee and interest rate options as well as product types.”
Keystone Property Finance cuts rates and adds deals
Specialist lender Keystone Property Finance has lowered two-year standard and specialist products by up to 0.05 per cent at 65 per cent LTV.
The lender has also cut five-year fixed rates by up to 0.1 per along with product transfer and switch and fix products.
Keystone Property Finance has added a seven per cent arrangement fee product to its standard five-year fixed rate range, with options available at 65 and 75 per cent LTV.
