Landbay, a leading buy-to-let (BTL) lender, has just slashed mortgage rates.
Landbay has cut rates across their standard 5-year fixed and small HMO (House in Multiple Occupation) and MUFB (Multi-Unit Freehold Block) ranges. This follows last week’s already generous reduction of up to 0.40% across their standard 2-year and new non-portfolio products.
The biggest reductions were seen on their standard 5-year fixed rate products, with cuts of up to 0.20%. These rates are available for both 65% and 75% loan-to-value (LTV) mortgages.
Meanwhile, their small HMO or MUFB range saw a 0.10% cut across 12 products, both for 2-year and 5-year fixed options.
These products also offer 65% and 75% LTVs, giving you flexibility based on your individual situation.
The Reason Behind the Rate Cuts
These deals follow the recent cut in the Bank of England’s base rate and are part of Landbay’s commitment to offering competitive and flexible options.
They’ve also added two brand new standard 2-year fixed options, demonstrating their dedication to keeping up with the changing market needs.
What’s on Offer?
Landbay’s variable fee structure makes their mortgages even more affordable. Here’s a sneak peek at some of their standout offers:
- Small HMO or MUFB 2-Year Fixed: Rates starting from 4.19% (up to 75% LTV).
- Small HMO or MUFB 5-Year Fixed: Rates starting from 5.09% (up to 75% LTV).
- Standard 2-Year Fixed: Rates starting from 4.19% (up to 75% LTV).
- Standard 5-Year Fixed: Rates starting from 4.34% (up to 75% LTV).
Landbay’s Take on the Current Market
Rob Stanton, Sales and Distribution Director at Landbay, says: “Following the recent base rate cut, we’re thrilled to offer these reduced rates.
He emphasises that five-year fixes are still in high demand, and good quality HMOs remain a popular investment.
“Landlords need strong yields, and we’re dedicated to supporting our broker partners in meeting the diverse needs of their clients. While the future of base rates is uncertain, we’re confident that there are plenty of opportunities in the buy-to-let sector, and Landbay is ready to help you make the most of them.”