Good news for landlords looking to lock in low rates for their buy-to-let properties! Landbay, a popular mortgage lender, has just cut rates on their two and five-year fixed rate deals.

Lower Rates, More Savings

Let’s break down the details. Across the board, Landbay has reduced rates on most of their two and five-year fixed rate products by up to 0.10%. This means you could be paying less each month on your mortgage!

What This Means for You

• Two-Year Fixed Rates: Rates now start at a competitive 4.24% for those borrowing at a 75% loan-to-value (LTV), with a 6% fee. This is the lowest rate on offer for two-year fixed deals.
• Five-Year Fixed Rates: Here, rates begin at 4.74% for a 75% LTV, with a 7% fee. But don’t worry, zero-fee options are also available!
• HMOs and MUFBs: While most products saw a 0.10% cut, a few exceptions apply. These include large HMOs (houses in multiple occupation) and MUFBs (multi-unit freehold blocks), as well as some standard five-year fixed options.

Why Landbay is Making These Changes

Landbay is clearly listening to what landlords want. They recognise that fixed rate deals offer peace of mind, especially in today’s uncertain economic environment. Rob Stanton, sales and distribution director at Landbay, said: “Even in the current climate, fixed-rate deals remain the product of choice for the majority of landlords.”

What Should You Do Now?

If you’re a landlord looking to refinance your mortgage or take out a new buy-to-let loan, it’s definitely worth checking out Landbay’s new rates. These cuts could save you a lot of money in the long run.

Get in Touch

Talk to your mortgage broker to see if Landbay’s new rates are right for you. They can help you compare different options and find the best deal available. Remember, the earlier you start planning, the better!