"Across our Premier, Core and Specialist product lines, we remain committed to providing options to help our intermediary partners support landlords of all sizes and setups"
- Rob Stanton - Landbay
Buy-to-let lender Landbay has reduced rates on its five-year fixed Premier products, with prices now starting at 4.09%.
The largest reduction affects Premier five-year fixed products at up to 75% loan-to-value (LTV), with all four products lowered by 0.15%.
Free valuation remortgage products in the Premier range have also been cut by 0.13%, with rates now starting at 4.14% for up to 75% LTV. Product transfer options, including those with free valuations, have seen reductions of up to 0.14%.
Launched last month, the Premier range targets landlords with up to 15 properties in limited company SPVs. The products use Landbay’s variable fee structure, which is designed to improve affordability.
The rate changes follow last week’s launch of two new Premier products. One is a two-year fixed rate remortgage at 4.49% for up to 75% LTV, while the other is a two-year fixed product transfer option at 4.54% with a maximum 75% LTV. Intermediaries can access all products through Landbay’s buy-to-let affordability calculator.
Product highlights:
Premier 5 Year Fixed 75% LTV 5% Fee @4.09%
Premier 5 Year Fixed 75% LTV 1% Fee @4.89%
Premier Remortgage Free Val 5 Year Fixed 75% LTV 5% Fee @4.14%
Premier Remortgage Free Val 5 Year Fixed 75% LTV 1% Fee @4.94%
Product Transfer Premier 5 Year Fixed 75% LTV 5% Fee @4.15%
Product Transfer Premier 5 Year Fixed 75% LTV 2% Fee @4.75%
Rob Stanton (pictured), sales and distribution director at Landbay, said, “Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products."
"This range serves a critical part of the market and provides valuable options to those looking to expand and scale, as well as those in the process of refinancing. Our data tells us that five-year options remain the preferred choice of landlords, so it’s important that we not only meet this demand but also ensure our rates are as competitive as possible.
“Across our Premier, Core and Specialist product lines, we remain committed to providing options to help our intermediary partners support landlords of all sizes and setups. Achieving this requires the right combination of innovation and agility to identify gaps in the market for new products and opportunities to tweak and improve the rates we offer. On both counts, our tech-first approach to lending enables us to act quickly as soon as the opportunity presents itself.”
