Landbay launches sub-3% five-year buy-to-let product

Landbay has launched a 2.99% five-year fixed rate buy-to-let mortgage.

Buy to Let, Landbay, Landlords, Mortgages

Landbay has launched a 2.99% five-year fixed rate buy-to-let mortgage which it says is currently the lowest available on the market.

The product is available up to 50% LTV on standard properties with loan sizes up to £1million.

Paul Brett, managing director of Landbay intermediaries, said: “This is the only five-year fixed rate buy-to-let mortgage for limited companies that is under 3%.

“This should be positive news for brokers and landlords as Landbay is at the forefront of driving down rates and making buy-to-let ever-more affordable at a time when landlords most need it to be.”

Original Article from Financial Reporter 15/03/2021

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