Landbay has trimmed fixed rates across new limited edition loans, while Bluestone Mortgages has reduced rates across its entire product range, both by up to 10 basis points.
But-to-let lender Landbay says the eight products in its limited edition range have been cut by 10bps, across purchases and remortgages.
This includes the standard five-year fixed rate products – available at up to 75% loan-to-value, as well as the automated valuation model-supported range of standard five-year fixed rate products.
These are available at up to 65% LTV and utilise automated valuation model technology to deliver cost savings and greater efficiencies — with time to offer on average three times faster than a standard application.
The limited edition range now starts at 4.59%, with all products benefitting from Landbay’s variable fee structure for enhanced affordability.
Landbay sales and distribution director Rob Stanton says: “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.”
Meanwhile, Bluestone Mortgages will cut rates across the broad range of its loans — including residential, right to buy, and deposit unlock – by up to 10bps.
Its standard and fee-free product ranges, with rates now starting at 6.14% for a 65% LTV.
All products carry no application fees and for customers remortgaging, with the lender also offering to pay free basic legal fees, or agree a £500 contribution to solicitor’s costs.
