Two-year fix down 40 basis points at Landbay

Landbay continues to reprice downwards, this time on its standard two-year fixed rate buy-to-let mortgage products.

The specialist buy-to-let lender has introduced a 65% LTV two-year fix at 5.24% and reduced its 75% LTV two-year fix by 40 basis points to 5.29%. Both products have a 3% fee.

Paul Brett, managing director, intermediaries at Landbay, commented: “Last week we reduced our entire five-year fixed rate buy-to-let range and this week it’s the turn of our two-year fixes.

“With uncertainty in the market around the future direction of rates and when they will stabilise, our repriced five and two-year fixed rate options give brokers and their landlord clients choices.”