Landbay cuts rates across 37 five-year products - Financial Reporter

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Buy-to-let lender, Landbay, has reduced rates by 0.20% across its core five-year fixed rate products, as part of a wider repricing which sees rates cut across a total of 37 five-year fixed rates. The reductions mean Landbay's core five-year fixed-rate products at 75% LTV are now available from 5.44% with a 6% fee, while a 6.24% option is also available with a 2% fee. The same reductions and pricing apply to the lender's core AVM five-year fixes. Landbay has also reduced rates by 25 bps across its core product transfer five-year fixed rate range. Free valuation products are now available from 5.49% with a 6% fee at 70% LTV, 5.74% with a 5% fee at 75% LTV, and 6.24% with a 2.5% fee at 78% LTV.