Landbay has cut buy-to-let rates by 0.80%, bringing 2-year fixed rates for HMOs to 4.09%.<\/p>\n
Meanwhile, trading company products have seen a 0.65% reduction on rates and now also start at 4.09%.<\/p>\n
Rob Stanton, sales and distribution director at Landbay, said: \u201cMaking such a large cut across our BTL product range demonstrates our commitment to making sure our product range is competitive as possible for brokers and their landlord clients.<\/p>\n
\u201cWe have seen a lot of positive drivers in the market recently, whether it\u2019s swap rates or the cut to the Bank of England base rate, which have given us a great opportunity to reassess our pricing.<\/p>\n
\u201cIt\u2019s great to be able to share those across our product range, including in-demand products such as our HMO\/MUFB offerings, our two-year options and our highly popular product transfer range.<\/p>\n<\/p>\n
\u201cWe\u2019ll continue to stay close to the market to identify any future opportunities \u2013 whether that\u2019s in terms of rates or further product innovation.\u201d<\/p>\n
Both standard and AVM-supported two-year fixed rate products have been reduced by 0.35%. These are available at up to 75% loan-to-value (LTV) and with rates beginning at 3.74% with a 5% fee.<\/p>\n
Rates on two-year small HMO\/MUFB products have fallen by as much as 0.60% and now start from 3.79% at up to 75% LTV with a 5% fee.<\/p>\n
For those landlords looking to refinance efficiently, Landbay has also cut rates on its popular product transfer range. The two-year options in the range have seen reductions of 0.45%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Landbay has cut buy-to-let rates by 0.80%, bringing 2-year fixed rates for HMOs to 4.09%. Meanwhile, trading company products have seen a 0.65% reduction on rates and now also start at 4.09%. Rob Stanton, sales and distribution director at Landbay, said: \u201cMaking such a large cut across our BTL product range demonstrates our commitment to […]<\/p>\n","protected":false},"author":1,"featured_media":429,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n