Landbay refreshes buy-to-let range with green products

Specialist buy-to-let lender Landbay has refreshed its ‘special edition’ buy-to-let range, cutting rates and introducing two green products.

The green products are both 5-year fixed rates at 70% LTV. For properties with an EPC rating of A or B the rate is 2.89%, and a C rating is 2.94%.

In terms of rate cuts, there is a 70% loan-to-value 2-year fix at 2.79%, down from 2.95%

The standard 5-year fixed rate is 2.89% to 50% LTV, reduced from 2.99%, while the 70% LTV option has dropped to 2.99% from 3.39%.

Paul Brett

There are also significant reductions in the small HMO range for properties up to six bedrooms.

To 70% LTV the 2-year fixed rate is priced at 2.89%, down from 3.35%, and the 5-year fix is reduced to 3.14% from 3.59%.

Paul Brett, managing director, intermediaries, at Landbay, said: “All bar one of the rates in our rejigged Special Edition range are below 3% making these products highly competitive. This follows on from the rate reductions across our core range announced last month.

“The interest we have received in our core green mortgage range, which we launched in June, led us to introduce green products into our special edition range. We are always keen to provide more choice as well as competitive products for our broker partners and their landlord clients.”

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