According to Landbay, the new rates are available for a limited time only on standard properties including new builds and include four 75% LTV products ranging from £100,000 to £1m and four 65% LTV for landlords wanting larger loans from £1m to £1.5m.
The rates and fees on these five-year fixes are the same for both 65% and 75% LTVs:
· Rate 4.89% - Fee 5%
· Rate 5.09% - Fee 4%
· Rate 5.29% - Fee 3%
· Rate 5.49% - Fee 2%
Paul Brett, (pictured) managing director, intermediaries at Landbay, commented: “Due to our diverse funding we have been able to develop a range of very competitive, five-year fixed rate mortgages for landlords. This range is a limited edition so once the funds have gone, so will the products."
