The premier range contains standard products for landlords with up to 15 properties and these are available on an individual and limited company basis.
The two new deals include a two-year fixed rate at 75% loan to value (LTV) with no fee and a 5% fee priced at 5.24% and 2.74% respectively.
Landbay has lowered its existing two-year fixed rate at 75% LTV by 0.5%, with its two-year fixed rate with a 1% fee priced at 4.74%. Its 2% fee version comes to 4.24%, its 3% fee version is priced at 3.74% and its 4% fee iteration stands at 3.24%.
The lender said all product transfer options in its Premier range would also have the same rate reductions.
Landbay has also reduced the rate on its like-for-like two-year, fixed rate remortgage-only product for those landlords not seeking to capital raise. The rate has been cut by 0.5% to 4.24% and is subject to a 2% fee.
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This like-for-like product’s interest coverage ratio (ICR) is stressed at the payrate or 4.5%, whichever is higher.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “These product additions to Premier, alongside the rate cuts, reflect where the buy-to-let market is right now. Many landlords are coming to the end of deals, or seeking to purchase, and want better value without added complexity, while advisers will be focused on securing competitive pricing in an environment far different to just a couple of years ago.
“By expanding choice at 75% LTV and reducing rates across the Premier range, we are giving advisers more ways to support landlord clients who want flexibility and strong pricing, and with our like for like remortgage-only products, without necessarily having to lock into a longer term.”
He continued: “Premier is designed to be straightforward, with clear criteria and keen pricing that works for both individual and limited company landlords with portfolios up to 15 properties.
“Extending the same reductions to product transfers is also important, as it helps advisers retain clients and deliver good outcomes at refinance. Our product transfer process only happens with the involvement of the adviser, and we are here to support advisers in what is lining up to be a very busy year in the buy-to-let market.”
Landbay has launched a video series for advisers, We Get Buy-to-Let, focused on key areas of the sector and how it can help with solutions. The first episode focuses on affordability and can be found on its LinkedIn page.
