Landbay reduces rates on standard five-year fixed product range

19 October 2023

Specialist buy-to-let lender Landbay has announced rate reductions to its standard five-year fixed rate products, with a 0.10% decrease across the entire range.

The standard five-year fixed range now starts at 4.85%, with all products stressed at payrate and available through Landbay’s innovative variable fee structure. Across varying loan-to-values (LTVs), the product range can accommodate loan sizes from £30,000, right up to £1.5 million to support brokers in servicing a broad range of landlord requirements.

Alongside reductions, Landbay has also added a new 55% LTV range, with rates starting at 4.85%. Intermediaries can view and compare all available products using Landbay’s upgraded buy-to-let affordability calculator.

Product highlights include:

• Standard property 5 Year fixed rate - up to 55% LTV @ 4.85% with 7% fee
• Standard property 5 Year fixed rate - up to 65% LTV @ 4.95% with 7% fee (for loans from £1M to £1.5M)
• Standard property 5 Year fixed rate - up to 70% LTV @ 4.95% with 7% fee
• Standard property 5 Year fixed rate - up to 75% LTV @ 5.15% with 6% fee

Rob Stanton, business development director at Landbay, said: “Responding quickly to changes in the market remains an absolute priority for us as we look to support brokers through a broad and competitive range of products. Having the technology and ability in house to react at pace is a key component in making this a reality.

“As affordability remains a challenge for both brokers and borrowers, we firmly believe mechanisms such as our variable fee structure present a valuable proposition. While it may not suit all appetites, it’s a great way to for brokers to maximise the borrowing potential of their clients in a difficult climate. Combine this with the stress test at payrate, a range of LTVs and acceptable loan sizes and we believe the range helps brokers support their clients.”