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Landbay cuts BTL rates ahead of expected spike in demand
By Roger Baird 26
th January 2021 4:47 pm
Landbay has cut rates across its entire product range and launched a new range of remortgage-only products, as the buy-to-let specialist expects to see a spike in demand from landlords.
The firm says its standard two-year fixed rate products start from only 2.95 per cent, and the five-year fixed rate products start from 3.34 per cent. It also offers a range of free valuation products across its standard two and five-year products for remortgages.
The lender also launches a new range of remortgage-only products with free valuations and lowered the rates on its 80 per cent loan-to-value mortgages so they now start at just 3.79 per cent.
Landbay has enhanced its entire range reducing rates on all products.
The buy-to-let lender has also launched a new range of remortgage-only products with free valuations and lowered the rates on its 80% LTV mortgages so they now start at 3.79%.
It has introduced a new large loan product, with a £750 cashback, maximum £1.5m loan, up to 70% LTV at 3.49%, on a 5-year fixed rate.
Meanwhile its standard 2-year fixed rate products start from 2.95%, and the five-year fixed rate products starts from 3.34%.
It also offers a range of free valuation products across its standard 2 and 5-year products for remortgages.
In addition to the standard and large loan products, Landbay has launched an improved HMO special edition range, enhancing rates and criteria on HMOs to six bedrooms.