Landbay, Atom Bank and Buckinghamshire BS unveil new BTL offers

Three buy to let lenders have unveiled fresh initiatives to attract landlords and commercial property investors, each bringing distinct offerings to a competitive market. 

Landbay has boosted its Summer Special range by introducing five product transfer options and trimming rates by up to 0.10%.

These deals, available for limited companies, cater to standard properties with loan sizes ranging from £30,000 to £2 million and up to 75% loan-to-value (LTV).

Fixed-rate options for both two and five years now start at 4.29%, with a variable fee structure to enhance affordability.

Rob Stanton, the sales and distribution director at Landbay, said: “Since launch, our product transfer proposition has proven incredibly popular among landlords looking for an efficient and cost-effective way to refinance.

“Now, we bring these fantastic options to our new Summer Special range and strengthen what is already a competitive and hugely attractive suite of products.”

Atom rewards green ratings

Meanwhile, Atom Bank is incentivising greener investments through its ‘Better Buildings’ discount on commercial mortgages.

Properties boasting an Energy Performance Certificate (EPC) rating of A+/A or a BREEAM rating of ‘outstanding’ or ‘excellent’ qualify for a 0.25% rate reduction.

While those with an EPC rating of B or a BREEAM ‘Very Good’ rating secure a 0.10% discount.

For portfolios, more than 70% of the total value must meet the criteria to unlock these savings.

Brokers can input ratings via Atom’s Quick Quote tool, with verification at the valuation stage.

Atom’s head of business lending, Tom Renwick, said: “We’re incredibly passionate about supporting improvements to the efficiency standards of commercial property across the UK.

“With the introduction of our Better Buildings discount, Atom bank is not just helping to drive positive change; we’re actively rewarding it.”

Buckinghamshire lowers BTL rates

Buckinghamshire Building Society has also made moves by reducing rates by up to 40 basis points across its limited company BTL and holiday let products, with pricing now starting at 5.79%.

A standout is the five-year fixed BTL rate, now at 5.99% down from 6.39%, alongside a new two-year discounted option at 5.79%.

Expat and holiday let products have also seen reductions, with fees set at £1,500 for limited company deals and £1,195 for others.

Claire Askham, the head of mortgage sales, said: “We know the market is constantly shifting, and these changes reflect our efforts to keep our products competitive and useful for brokers.

“We’ve refined our limited company rates and introduced a new two-year discount to give more flexibility, especially for clients who want to keep upfront costs down or manage their cash flow in the early years.”

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