Landbay cuts BTL rates as Aldermore reintroduces 5-year fixed deals

Landbay has announced rate reductions across its fixed-rate product range which are up to 0.20%.

Both two-year and five-year fixed-rate products, available at up to 70% and 75% loan-to-value (LTV), have seen the full reduction.

This includes Landbay’s AVM-supported range of standard and non-portfolio products.

In addition, Landbay has reduced rates on its 55% LTV, two-year and five-year fixed-rate products by 0.15%.

These products, including those for non-portfolio landlords, offer even more competitive terms.

‘Bringing forward rate reductions’

The lender’s sales and distribution director, Rob Stanton, said: “It’s great to be a position once again where we are moving in the opposite direction to much of the market and bringing forward rate reductions.

“These are not on niche products either, but across our fixed rate range, including standard products, support for smaller landlords and through our innovative range of AVM products.

“These have proven incredibly popular thanks to the efficiencies and cost savings they can offer.”

Aldermore reintroduces 5-year fixed products

Aldermore has announced the reintroduction of its five-year fixed rate buy to let (BTL) mortgage range, designed to offer landlords more choice and flexibility.

The lender says it also offering a series of competitive interest rates across various loan-to-value (LTV) tiers.

The lender’s head of mortgages, Jon Cooper, said: “Our five-year limited-edition range provides more choice for landlords when it comes to finding products which suit their needs.”

Individual and company landlords with single residential investment properties:

• 5-year fixed rate at 5.74% up to 75% LTV with no fee
• 5-year fixed rate at 5.44% up to 75% LTV with a 1.5% fee
• 5-year fixed rate at 4.74% up to 75% LTV with a 5% fee.

Multi-property landlords (individual and company) with residential investment properties:

• 5-year fixed rate at 5.74% up to 75% LTV with no fee
• 5-year fixed rate at 5.44% up to 75% LTV with a 1.5% fee
• 5-year fixed rate at 4.74% up to 75% LTV with a 5% fee
• 5-year fixed rate at 5.69% up to 75% LTV with a £1,999 fee.

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: