Landbay cuts rates and launches large loan deal

The large loan mortgage has a maximum loan size of £2m. A five-year fixed rate is available up to 65 per cent loan to value priced at 3.24 per cent and comes with a cashback option.

The green mortgage rates have been cut by up to 0.14 per cent and now start at 3.24 per cent.

Landbay has also introduced multi-unit freehold block (MUFBs) mortgages for first-time landlords starting from 3.49 per cent. This joins the new HMO products for first-time landlords that Landbay launched last week.

Paul Brett (pictured), Landbay’s managing director, intermediaries, said: “We constantly look to revise our range to make sure that it is highly competitive across every type of specialist buy-to-let mortgage. With our new competitive green products, plus MUFB and HMO mortgages for first-time landlords, as well as an attractive standard and new-build range, we believe that we have something for every landlord.”