Landbay unveils market leading rates
Landbay has unveiled a variety of market leading rates, which is claimed to be amongst the most competitive specialist buy-to-let rates in the market.
The lender has reduced the rate on its Special Edition two-year fixed rates for both 60% and 70% LTV by 14 and 10 basis points respectively.
Landbay has also expanded its product offering with a new 70% LTV standard five-year fixed rate and reduced the rate for its 75% LTV standard five-year fixed product from 3.74% to 3.69%.
All the rates are available for loan sizes up to £1.5m and these rates apply to standard properties.
Paul Brett, managing director of Intermediaries at Landbay, said: “Demand for buy-to-let is booming at the moment as investors take advantage of the stamp duty holiday.
“These new lower rates reflect the robust buy-to-let market and help to make it more affordable for investors including those wishing to incorporate their properties into a limited company structure.
“These new rates and additional product will offer more options to intermediaries and their clients who are looking to capitalise on the stamp duty holiday and the high demand for private rental properties.”