This marks the second time these products have been reduced this June.
Landbay has reduced all five-year fixed rate Premier products, for both purchase and remortgage, by up to 17bps, with 75% loan-to-value (LTV) options now starting from 4.45%.
All Landbay’s Premier products continue to feature variable fee options – ranging from zero up to 5% – which the lender said support affordability and offer greater landlord borrower choice.
Rob Stanton, sales and distribution director at Landbay, said: “These latest cuts strengthen some of our most popular purchase, remortgage, product transfer and small HMO options, ensuring brokers have access to highly competitive solutions across a broad range of landlord requirements.”
Premier is a range of standard and house in multiple occupation (HMO) products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords.
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Landbay has also cut other five-year 75% LTV fixed rate products, including its Remortgage Free Valuation products, now available from 4.49%, and Remortgage Fixed Fee, Free Valuation and Assisted products, now available from 5.39%.
Additionally, Landbay now offers small HMO products from 4.84%. Existing Landbay landlord borrowers can access product transfer products from 4.54%.
Stanton added: “At a time when advisers are seeing increasing levels of activity from landlords looking to purchase, refinance or review existing borrowing arrangements, it is important they have access to both competitive pricing and a wide choice of product options.
“Our focus remains on supporting brokers with products that combine value, flexibility and certainty. By making further reductions across the Premier range, while maintaining the breadth of options available through our wider proposition, we are continuing to provide advisers and their landlord clients with the finance they need to make confident borrowing decisions.”
