Buy-to-let lender, Landbay, has reduced rates across selected products within its Premier remortgage range.
Premier is a range of standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers, and features some of Landbay’s most competitive rates.
The latest changes apply to Landbay’s 75% LTV five-year fixed rate remortgage products including its variable fee, AVM range and fixed fee assisted legals or cashback products with free valuations.
Under the changes, rates on the AVM remortgage range have been reduced by 0.05%, while the assisted legals and cashback ranges have both been cut by 0.10%.
AVM rates now start from 4.64% with a 5% fee and 5.44% with a 1% fee.
Assisted legals products are available at 5.59%, with different fee levels determining maximum loan sizes, starting from a £999 fee for a maximum loan of £100,000, to £1,999 for a loan of £750,000.
Cashback rates are also available at 5.59%, again with different fee levels determining maximum loan sizes, between £899 for £150,000 and £1,899 for £1m.
Rob Stanton, sales and distribution director at Landbay, said: “In the current market, brokers are continuing to see strong remortgage demand from landlord clients looking to manage costs, refinance efficiently and plan ahead with greater certainty. These latest reductions across our Premier remortgage products are intended to support that activity with a broader choice of competitive options.
“By cutting rates on our AVM, cashback, and assisted legals products, we are offering advisers more flexibility when placing remortgage business, whether the priority is lower pricing, reduced upfront costs or a smoother application and valuation process.
“Our focus remains on providing practical buy-to-let product solutions backed by strong service, clear product structures and the support needed to place business confidently in a market that remains active and price-sensitive.”
