Landbay has implemented a series of rate cuts across its key range.
The rate cuts include a 40 basis point reduction on the 75% Loan-to-Value (LTV) two-year fixed rate products, as well as cuts to the small HMO, remortgage (free appreciation) and five-year fixed rate options.
The largest reductions have been in the main two-year fixed rate with an LTV of 75% LTV, with rates on ten products reduced by 40 basis points.
Following the changes, rates now start from 3.39% with a 5% fee up to 5.89% for a no-fee option.
In addition to these cuts, the lender has lowered the interest rate on its four 75% LTV small two-year HMO fixes by 30 basis points, with products now starting from 4.59% with a 3% fee and 5.59% with a zero fee option.
For the 23 main five-year remortgages, including a free valuation, interest rates have been reduced by up to 20 basis points, with selected products including a 4.62% interest rate with a 5% fee and a 5.64% option with a zero rate option.
In addition, Landbay has cut rates by 15 basis points on its 21 core five-year fixed 75% LTV products, which include standard purchases, remortgages, product transfers and small HMO.
Selected products include a 4.59% deal with a 5% fee and a 5.62% deal with no fees.
Rob Stanton, Landbay sales and distribution director, said: “These latest changes represent a significant enhancement to our Premier range and provide agents with even more competitively priced options for a wide range of landlord requirements.”
“While the total reduction is the 40 basis point reduction on our two-year 75% LTV products, we have also made meaningful reductions on our small HMO, remortgage and five-year fixed interest rates.”
“This ensures that advisers have access to competitive prices, whether for purchase, remortgage, product transfer or specialist property matters.”
“Our focus remains on offering choice, flexibility and value to agents. By offering discounts on more than 50 products, we aim to support advisors and their landlords with a comprehensive range that remains competitive across multiple sectors of the buy-to-let market.”
Elsewhere, Pepper Money is recalling some products tonight and launching them tomorrow at discounted rates.