Landbay announces rate reductions across green products

Landbay has reduced the pricing across most of its core products, which includes cuts to its green offering.

The buy-to-let (BTL) green product range, which Landbay launched in June with 75% LTVs, now has two-year fixed rates starting from 2.89%, which is down from 2.99%, as well as additional 70% LTV options.

These are new five-year fixed rates set at 3.09% for properties with an Energy Performance Certificate (EPC) rating of A or B, and 3.14% for a C rated property.

The lender has also refreshed the pricing across its core BTL range which includes two-year fixed rate mortgages starting from 2.85%.

Landbay managing director, intermediaries, Paul Brett, commented: “Two months into our green mortgage range and the interest from intermediaries has been incredible. We have now introduced a 70% LTV green mortgage, to help satisfy landlord demand.

“We have also been able to lower rates on most of our core products and will continue to maintain our highly competitive stance in the market to ensure a really strong year has an even stronger finish.”

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