Paul Brett

Landbay drops rate on BTL product

Landbay has announced that it has cut its rate on its most popular BTL product.

The BTL marketplace lender’s standard five-year fix now starts at 3.35%.

As part of a wider product refresh, Landbay has revealed plans to adjust 16 products, with nine of these seeing a reduction in rates.

The revamped products will be available to BTL landlords via intermediaries using either Landbay’s packager partners or its panel of networks or mortgage clubs.

Paul Brett, managing director of intermediaries at Landbay (pictured above), said: “It’s crucial to keep our finger on the pulse of the BTL marketplace and today’s suite of product changes will keep our offering as competitive as possible.

“As part of our refresh, we’re delighted to cut the rate of our most popular product with the aim of helping our broker partners support even more landlords.”

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