Buy-to-let (BTL) specialist lender, Landbay, has relaunched its green five-year fixed rate range and introduced two new mortgages as part of a host of changes.

The lender’s green range for properties with an Energy Performance Certificate (EPC) rating of A to C was withdrawn following the Government’s mini-Budget last September.

Green rates have a 0.10% reduction off Landbay’s five-year standard products and there are five options at 75% loan-to-value (LTV), starting at 4.69% with a 5% fee. The lender’s 4.89% green rate comes with a 4% fee, 5.09% has a 3% fee and the 5.29% option offers a fee choice of either 2% or £1,999.

Among the new offerings, a standard two-year fixed rate mortgage has been introduced at 4.19% while for small houses in multiple occupancy (HMOs) or multi-unit freehold property (MUFBs), the two-year fix is 4.25%. Both products have an LTV of 75% and a 4% fee.

Furthermore, Landbay has also announced rate reductions on its two standard five-year fixed rate products with a 3% fee. The 55% LTV product is down to 4.99% from 5.09%, while the 65% LTV is now 5.09%, down from 5.14%.

Business development director at Landbay, Rob Stanton, said: “It’s wonderful news that we can relaunch our green range as there have been less green BTL mortgages in the market recently. We want to encourage landlords to upgrade property to at least a C rating in preparation for forthcoming legislation and to make homes more energy efficient.

“Our product development team has also been busy designing new products and reducing rates on existing ones giving our intermediary partners and their landlord clients more choice. The two and five-year fixed rates are equally as popular at the moment and by offering a range of rates and fees it is easier for landlords to pass stress tests.”

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