"It’s great to be in a position to cut rates on in-demand products such as our HMO/MUFB options in two highly-popular product ranges – our popular limited edition range and our new product transfer offering"
- Rob Stanton - Landbay
Buy-to-let lender Landbay has announced rate reductions of 0.10% across its limited edition small HMO/MUFB products.
The five-year fixed rate products now start at 4.99% at up to 75% loan-to-value. The four products joined the popular limited edition product range at the start of the month to support loans between £150,000 and £500,000. Alongside HMO/MUFB options, the limited edition range also includes remortgage options and those for new purchases.
In addition to the limited edition range, Landbay has cut rates on HMO/MUFB products within its new product transfer offering by 0.10%. These products now also start at 4.99% and are available at up to 75% LTV.
The new reduced rates are now live, with products available using Landbay’s variable fee structure for enhanced affordability. To view and compare the Landbay product range, intermediaries can visit the lender’s buy-to-let affordability calculator.
“Whether it’s introducing new products or reducing rates, we are constantly reviewing our product range to make sure we offer our broker partners a broad range of competitive products to help them support landlord clients of all shapes and sizes," explained Rob Stanton (pictured), sales and distribution director at Landbay, "It’s great to be in a position to cut rates on in-demand products such as our HMO/MUFB options in two highly-popular product ranges – our popular limited edition range and our new product transfer offering.
He added, “We continue to see a real resilience in the buy-to-let market with landlords not just staying in the market, but actively looking to buy. Whether it’s building, scaling or refinancing a buy-to-let portfolio, we’re able to demonstrate through our intermediary partners that Landbay is ready and willing to support them.”
