Landbay, the buy-to-let lender, has repriced its limited edition range of five-year fixed rate BTL products that were launched last month.
Four of the five products in the range have been reduced by five basis points and the minimum loan value has been lowered to £200,000. For this limited edition range, the maximum loan value remains at £500,000.
The lender has also introduced a £500 cashback option for the range, which is payable upon completion.
LTVs are either 65% or 75% and there is a free valuation option on the standard remortgage products. The new range also caters for HMOs and MUFBs, up to 6 bedrooms or units.
Paul Brett, managing director, intermediaries at Landbay, commented: “Following the initial limited edition launch a month ago, we’ve responded to feedback from the market, by lowering the minimum loan size, reduced rates by up to 5 basis points as well as now offering a £500 cashback.”
Original article featured here…
Landbay recently made a series of rate reductions and added two new mortgage products to its green product range.