Buy to let lender Landbay has reduced rates by up to 0.15% across its non-portfolio range of products.
Designed for landlords with three or fewer mortgaged properties, the reductions are available on non-portfolio standard and AVM-supported five-year fixed rate products.
In addition, Landbay has added a new five-year fixed rate option to the range – available at up to 55% loan-to-value, with a rate of 4.84% and a 3% product fee.
Landbay has also added three new standard five-year fixed rate options, also available at up to 55% LTV and rates starting at 4.39%.
Landbay has recently added both additional borrowing and overpayments to its product transfer offering.
Rob Stanton, sales and distribution director at Landbay, says:“This is an important segment of the market that absolutely needs support from lenders.
“Our activity this week is a clear example of our commitment to support the buy-to-let market. Not only are we making sure our products remain competitive, but our product range is broad enough to support landlords of all sizes and can help with both new purchases and refinancing.”
This article is taken from Landlord Today