Cuts to the limited-edition range mean that rates now start at 4.39% for a standard five-year fixed rate at up to 70% loan to value (LTV).
The range, which includes AVM-supported products, consists of eight deals with options for those remortgaging and for new purchases.
PT rates are cut
For landlords looking for a rate switch, Landbay has also lowered rates on its new product transfer offering, with a 0.1% cut on its five-year fixed rate products.
Deals now start at 4.44% and are available at up to 75% LTV.
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Meanwhile, small house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products in the product transfer range have been cut by 0.05% and now start at 4.94%.
Rob Stanton, sales and distribution director at Landbay, said: “As ever, we remain agile in the current market and respond to opportunities to cut rates and ensure our product range is [as] competitive as possible. We continue to demonstrate that we’re not shy of passing on reductions at the earliest opportunity in what is our sixth round of reductions already this year.
“Given how popular our new product transfer range has proven to be, it’s fantastic to be able to bring forward further reductions – including to valuable HMO/MUFB options in the range.”
