The lender’s one-year fixed rate purchase and remortgage deal with a 2% fee and available up to 75% loan to value (LTV) is priced at 2.29%, a decrease of 0.2%.
Its two-year purchase and remortgage fixed rate with a 3% fee up to 65% LTV. will decrease by 0.1% to 2.49%.
TMW’s two-year fixed remortgage-only rate with 2% fee up to 75% LTV will fall by 0.03% to 2.84%. It also comes with free valuation and free legal.
The firm’s five-year fixed remortgage-only rate with 3% fee up to 75% LTV will decrease by 0.1% to 3.57%. It is subject to free valuation and free legal.
Keir Fraser, lead manager at TMW, said: “This second round of rate cuts further demonstrates our commitment to supporting landlords with products that put The Mortgage Works at the forefront of the BTL market.”
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Landbay adds five-year fix premier deals with assisted legals
Landbay has teamed up with digital conveyancing firm, Conveyd, to bring out a range of remortgage products, including assisted legals and free valuation.
The assisted legals range will help cut upfront costs and deliver a faster process through to completion, the lender said.
The five-year fixed rates are available for loans from £30,000 to £750,000 up to a maximum property value of £1.5m. There are also different fee levels from £999 to £1.999.
The deals go up to 75% LTV, and pricing starts from 5.09%.
Rob Stanton, sales and distribution director at Landbay, said: “Remortgage activity remains a major focus for landlord borrowers and brokers, and we know that speed, cost and certainty all matter within this context. Our new five-year fixes with assisted legals and free valuations are therefore designed to take pressure out of the process, reduce upfront costs for clients, and help brokers move cases through the process smoothly.
“Working with the digital conveyancing experts at Conveyd allows us to bring together strong pricing, as part of the Premier range, with a more joined-up legal process. All standard conveyancing costs are covered by these products, significantly reducing the costs for a borrower during a remortgage. For straightforward cases, this means fewer delays, clearer communication, and a better overall experience for all stakeholders.”
Manasi Kulkarni, CEO of Conveyd, added: “We’re incredibly excited to partner with a like-minded, digital-first lender who shares our vision for the future of home transactions. The collaboration with Landbay has been fantastic so far; we are learning from every case, listening closely to feedback, and working together to deliver the best possible experience for customers.”
