Property lender Landbay has reduced the rates on its core range of buy-to-let (BTL) mortgages by up to 0.24 per cent, and launched a series of new lending products.
This comes just two months after the lender’s last BTL rate cut, which saw rates dropped by 0.1 per cent and fees reduced by 0.25 per cent.
Landbay has also reduced its green BTL mortgage rates by up to 0.14 per cent, with borrower rates now starting at 2.99 per cent.
Read more: Landbay launches green mortgages
The lender has also that it will be making multi-unit freehold block (MUFBs) mortgages available for first time, with rates starting from 3.49 per cent.
It has also introduced a new loan product on a 65 per cent loan-to-value, with five-year cashback products, starting at 3.24 per cent.
The platform has claimed that it now has one of the most broadly competitive specialist buy-to-let mortgage ranges in the market.
“We constantly look to revise our range to make sure that it is highly competitive across every type of specialist buy-to-let mortgage,” said Paul Brett (pictured), Landbay’s managing director, intermediaries.
“With our new competitive green products, plus MUFB and HMO mortgages for first-time landlords, as well as an attractive standard and new build range, we believe that we have something for every landlord.”