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Landbay cuts green BTL rates by 10bps

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Landbay says it has cut prices across “most of its core products”, including its green mortgages.

The buy-to-let platform’s green range, launched in June with 75% loan to values, now has two-year fixed rates that start from 2.89%, reduced from 2.99%.

It has also introduced new 70% LTV options to the range. These are new five-year fixed rates at 3.09% for properties with an energy performance certificate rating of A or B, and 3.14% for a C-rated property.

Landbay adds it has refreshed pricing across its core BTL range, including two-year fixed-rate mortgages starting at 2.85%.

Landbay managing director for intermediaries Paul Brett says: “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.”

Original Article

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