Landbay has announced further rate reductions across its standard five-year fixed rate product range, with rates being cut by up to 0.06%. The buy-to-let lender’s product range now starts at 4.65% and is stressed at pay rate. Alongside the reduction in rates, adjustments have made to the minimum loan size. The standard five-year fix is available at 4.65%, 4.69% and 4.89% at 75%, 70% and 55% LTV respectively. The lowest rate comes with a 6% fee, with the others coming with a 7% fee.

StrideUp has reduced rates on its two, five and 10-year products by up to 60 bps. The ethical and Shariah-compliant home finance provider’s 10-year fixed rates now starts from 6.29%, with the two and five-year fixes starting from 6.79%. The range is available at up to 85% finance to value, requiring a minimum 15% deposit from the customer. StrideUp focuses on Muslims whose faith requires them to avoid paying or receiving interest. Through a home purchase plan product, StrideUp gives individuals a way to become homeowners without compromising on their values.

Nationwide has announced that is reducing the minimum visa validity period required for residential mortgage applications. When an applicant doesn’t have indefinite leave to remain in the UK, they will now only need a minimum of 12 months remaining on their visa at the time the application is made, a reduction from two years and six months. Applicants without indefinite leave to remain will continue to be able to borrow a maximum 75% LTV and will still need to provide a full three-year address history.

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