Landbay has reduced rates across its limited-edition buy-to-let (BTL) mortgages and made the range available for both remortgage and new purchases.
All eight product rates in Landbay’s limited-edition BTL range have been reduced by 0.1%.
This includes the standard five-year fixes up to 75% loan to value (LTV) with a 5% fee, which now have a rate of 4.79%, while the option with a 2% fee is priced at 5.39%.
The lender’s automated valuation model (AVM) five-year fixed product up to 65% LTV with a 6% fee has a rate of 4.59%, and the option with a 2% fee has a rate of 5.39%.
Rob Stanton, sales and distribution director at Landbay, said: “It is great to be able to kick-start 2025 with rate reductions across our popular limited-edition range, all the while making this available for new purchases too. This opens up new opportunities for the many landlords still looking to grow their portfolio and adds extra options for brokers to be able to support their clients.
“We start the new year with the same ambition to ensure our product range is as competitive as possible and in tune with the demands and needs of the market. As ever, we will continue to identify opportunities where we can trim rates or introduce new products and take action quickly to ensure we are properly serving our broker partners and their landlord clients.”
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CHL Mortgages releases limited-edition BTL products
CHL Mortgages has launched a range of limited-edition two- and five-year fixed BTL deals.
These will be available across standard and house in multiple occupation (HMO) or multi-unit freehold block (MUFB) borrowing.
Standard two-year fixed rates start from 4.03% and standard five-year fixed rates from 4.76%, with options at 70% and 75% LTV.
For HMO/MUFB products for properties with up to six bedrooms or units, two-year fixed rates begin from 5.56% and five-year fixed rates from 5.56%. These are also available at 70% and 75% LTV.
The products are open to individual and limited company landlords and offer a range of fees, including a fee-free option.
Ross Turrell, commercial director at CHL Mortgages, said: “We wanted to start the new year with a bang, so although swap rates are remaining stubbornly high, we’ve shaved margins to assist brokers and their landlord clients.
“Our limited-edition products offer a broad range of fees including 5% and 7% options, which subsidise the rate to improve the rent cover calculation and aid with cash flow.”
