Landbay cuts buy-to-let rates by up to 0.14%

22 September 2020 | General

Landbay is now offering 2-year fixes at 2.95% to 60% LTV and 3.09% to 70% LTV after cutting buy-to-let rates.

The lender is also offering a 75% LTV 5-year fix at 3.69%, following a 0.06% rate cut.

The company has launched a 70% LTV 5-year fix, which is priced at 3.59%.

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.”

All the rates are available for loan sizes up to £1.5m.

This post has originally been featured in Property Wire.