Landbay reduces special edition BTL rates
Landbay has made rate reductions on its Special Edition range, and has added two green products.
Within the refreshed Special Edition range, the standard 70% loan-top-value (LTV) 2-year fixed rate is set at 2.79%, down from 2.95%.
The standard 5-year fixed rate is 2.89%, reduced from 2.99%, for the 50% LTV product, while the 70% LTV option drops to 2.99% from 3.39%.
There are also significant reductions in the small house in multiple occupation (HMO) range for properties up to six bedrooms.
Both products are set at 70% LTV with the 2-year fixed rate at 2.89%, down from 3.35%, and the 5-year fix is reduced to 3.14% from 3.59%.
The green products are both 5-year fixed rates at 70% LTV.
For properties with an Energy Performance Certificate (EPC) rating of A or B, the rate is 2.89%, and a C rating is 2.94%.
Paul Brett, managing director, intermediaries at Landbay, said: “All bar one of the rates in our rejigged Special Edition range are below 3% making these products highly competitive.
“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.”