Landbay has repriced its limited edition range of 5-year fixed rate buy-to-let (BTL) remortgage products, and introduced a £500 cashback option, payable upon completion.
The rates on four of the five products have been reduced by five basis points (bps) and the minimum loan value has decreased to £200,000 from £250,000.
The maximum loan value for this particular product range remains at £500,000.
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Loan-to-values (LTVs) are either 65% or 75% with a free valuation option on the standard remortgage products.
The refreshed limited edition range also caters for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) of up to six bedrooms or units.
Paul Brett, managing director, intermediaries at Landbay, said: “Following the initial limited edition launch a month ago, we’ve responded to feedback from the market, by lowering the minimum loan size, reduced rates by up to five basis points as well as now offering a £500 cashback.”