Landbay drops two-year fix BTL rates




Landbay has reduced rates for its standard two-year fixed rate BTL products.

The lender has dropped the rate for its 75% LTV two-year fix to 5.29% — a reduction of 40 basis points.

A 65% LTV two-year fix has also been introduced, priced at 5.24%.

Both products are subject to a 3% fee.


Paul Brett, managing director of intermediaries at Landbay, said: “Last week we reduced our entire five-year fixed rate buy-to-let range and this week it’s the turn of our two-year fixes.

“With uncertainty in the market around the future direction of rates and when they will stabilise, our repriced five and two-year fixed rate options give brokers and their landlord clients choices.”

 

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