The new products are a two-year fixed rate at 2.85% and a five-year fixed rate at 3.25%, both at up to 65% LTV and available on loans up to £1.5m.
In addition, rates on certain two-year and five-year fixed products have been cut, available only for standard properties, to both limited companies and individuals. The two-year fix at 75% LTV has been cut from 3.14% to 2.95%, and the five-year fix at 75% LTV has been cut from 3.39% to 3.35%, both with with a 1.75% fee and a free valuation
Rate changes have also been made to the parallel two-year fixed rate at 75% which has been lowered from 3.14% to 2.95% and the five-year fixed rate at 75% LTV has been lowered from 3.39% to 3.35%. Both are subject to 1.5% fee.
Landbay managing director, intermediaries Paul Brett said: “The rental market is thriving, and we maintained our position at the forefront of this flourishing sector during the pandemic.
“We were one of the few lenders who continued to lend throughout lockdown, during which we successfully retained our rapid turnaround times.”
Original article featured here…
Landbay recently upgraded its broker portal and reduced rates and fees across its core BTL product range.