Landbay has launched two more green mortgage products and reduced rates across its specialist range.
The buy-to-let mortgage lender said that the green products are both five-year fixed rates at 70 per cent loan-to-value (LTV). For properties with an energy performance certificate (EPC) rating of A or B, the rate is 2.89 per cent while for those with a C rating the rate is 2.94 per cent.
Landbay launched its green mortgage range in June, offering buy-to-let landlords lower rates if the property has a favourable energy rating.
Meanwhile, within the refreshed special edition range, Landbay cut the rate for the standard 70 per cent LTV two-year fixed rate from 2.95 per cent to 2.79 per cent.
The standard 70 per cent LTV product saw its rate fall from 3.39 per cent to 2.99 per cent while the standard five-year fix at 50 per cent LTV had its rate cut from 2.99 per cent to 2.89 per cent.
The former peer-to-peer lending platform also cut rates for two 70 per cent LTV mortgage products within its small house in multiple occupation range.
The two-year fix was reduced from 3.35 per cent to 2.89 per cent while the five-year fix was cut from 3.59 per cent to 3.14 per cent.
Read more: Landbay reduces BTL rates again
“All bar one of the rates in our rejigged special edition range are below three per cent making these products highly competitive,” said Paul Brett (pictured), managing director, intermediaries at Landbay.
“This follows on from the rate reductions across our core range announced last month.
“The interest we have received in our core green mortgage range, which we launched in June, led us to introduce green products into our special edition range. We are always keen to provide more choice as well as competitive products for our broker partners and their landlord clients.”