"It’s wonderful news that we can relaunch our green range as there have been less green buy-to-let mortgages in the market recently"
According to buy-to-let specialist lender, Landbay, green rates have a 0.10% reduction off their competitive five-year standard products and there are five options at 75% LTV starting at 4.69% with a 5% fee.
The 4.89% green rate comes with a 4% fee, 5.09% has a 3% fee and the 5.29% option offers a fee choice of either 2% or £1,999.
A new standard two-year fixed rate mortgage has been introduced at 4.19% and for small HMO/MUFB the two-year fix is 4.25%. Both products have an LTV of 75% and a 4% fee.
Meanwhile, rate reductions have been made on two standard five-year fixed-rate products with a 3% fee. The 55% LTV product is down to 4.99% from 5.09% and the 65% LTV is now 5.09%, down from 5.14%.
Rob Stanton, business development director at Landbay, said: “It’s wonderful news that we can relaunch our green range as there have been fewer green buy-to-let mortgages in the market recently. We want to encourage landlords to upgrade properties to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.
“Our product development team has also been busy designing new products and reducing rates on existing ones giving our intermediary partners and their landlord clients more choices. The two and five-year fixed rates are equally as popular at the moment and by offering a range of rates and fees it is easier for landlords to pass stress tests.”
