Landbay has trimmed the rates on its five-year fixed mortgage products by 0.10%. This adjustment isn’t just for a select few but applies across the entire range of these specific mortgage products. Now, the standard five-year fixed range kicks off at a rate of 4.85%.

Investors should note that these mortgages cater to a diverse spectrum of loan-to-values (LTVs), supporting loan amounts anywhere between £30,000 and a hefty £1.5 million.

55% LTV Range

But that’s not all. They’ve introduced an entirely new 55% LTV range, offering the same attractive starting rate of 4.85%, which broadens the options for investors.

Rob Stanton, the business development director at Landbay, expressed the company’s stance: “Our eyes and ears are keenly tuned to the market’s pulse. Swift and meaningful responses to market changes are top of our agenda, and it’s imperative in how we support our brokers with a diverse and competitive array of products.”

Stanton stressed the importance of in-house technology and agility as vital cogs in this mechanism, enabling them to act quickly in adjusting their offers. He further delved into the current challenges, stating, “Affordability is a tough mountain to climb for brokers and borrowers alike. That’s why we’re big on strategies like our variable fee structure—it might not be everyone’s cup of tea, but it’s a powerful tool in the hands of brokers looking to optimize their clients’ borrowing capacity in these trying times.”

Product Highlights

Among the highlights of Landbay’s revamped mortgage range are:

• A standard property 5-year fixed rate for up to 55% LTV at 4.85%, accompanied by a 7% fee.
• For loans ranging from £1M to £1.5M, they offer a standard property 5-year fixed rate for up to 65% LTV at 4.95%, also with a 7% fee.
• They haven’t forgotten about higher LTVs either, with a standard property 5-year fixed rate for up to 70% LTV, pegged at 4.95%, with a 7% fee.
• And for those stretching it to a 75% LTV, there’s a standard property 5-year fixed rate on the table at 5.15%, coupled with a slightly lower 6% fee.