Landbay has reduced its five-year fixes for standard borrowing up to 75% loan to value (LTV) to now start from 4.39% with a 7% fee. 

The corresponding product with a 3% fee is priced at 5.39%. 

The lender has also cut rates on products for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). 

At 75% LTV, the five-year fixed rate in this range with a 6% is now priced at 4.79%, while the option with a 3% fee has a rate of 5.49%. 

A two-year fixed deal for HMO and MUFB at 75% LTV with a 6% fee is now priced at 3.89%. 

Sponsored

Market Moves: Understanding UK Housing Trends

Introducing the first in our video series “Market Moves: Understanding UK Housing Trends” The

Sponsored by Halifax Intermediaries

For customers borrowing through trading companies, the standard two-year fix with a 5% fee is now priced at 4.69%. 

Rob Stanton (pictured), sales and distribution director at Landbay, said: “This extensive round of rate reductions further demonstrates our drive to make our product range as competitive as possible. Brokers are supporting their landlord clients with a broad range of requirements and our product range has to reflect this to help them meet those demands. 

“We continue to stay close to the market and in close contact with our funders to identify opportunities, as well as areas where we can innovate to answer product gaps and drive efficiencies. Today’s reductions, along with our new automated valuation model (AVM) range are fantastic examples of this.” 

Last month, Landbay launched a range of AVM products which the lender said could save borrowers up to £500 on valuation fees.