Landbay is launching two new Premier like-for-like products.
The buy-to-let lender is introducing a Premier like-for-like 2-year fixed rate remortgage at 4.49% with a maximum 75% LTV and a 2% fee.
Additionally, Landbay is introducing a product transfer (PT) version, also a 2-year fixed rate with a maximum LTV of 75% and a 2% fee but at 4.54%. The PT option is exclusively for existing Landbay loans approaching reversion.
The minimum loan size of both products is £30,000 while the maximum loan size is £2 million, accommodating a wide range of portfolio needs.
Stress testing for these products is calculated at the pay rate or 4.50%, whichever is higher, aligning with Landbay's commitment to enhanced affordability calculations that have proven popular among brokers and clients.
Rob Stanton, sales and distribution director at Landbay, said: “These new Premier Like-for-Like products are a direct response to the ongoing challenges landlords face in today's market – particularly around affordability. By introducing these competitive 2-year fixes, we’re providing further help with affordability. This not only gives landlords much-needed breathing space when remortgaging but also equips our broker partners with a stronger toolkit to secure deals efficiently.
“We're thrilled to expand our like-for-like range. The standard fixed-rate product offers flexibility for new remortgages, while the product transfer variant streamlines the process for existing customers. In a sector where remortgage volumes are expected to remain elevated—with billions in buy-to-let mortgages maturing soon—these launches highlight our focus on innovation and responding to the market.
“Ultimately, these products are designed to support the increase in demand for 2-year fixed rate products, empowering landlords to make informed decisions without the pressure of extended lock-ins. We're committed to evolving our offerings based on real market insights, and we encourage intermediaries to use our buy-to-let affordability calculator to explore how these fit their clients' needs.”
Landbay’s Premier set of products consist of standard products for landlords with up to 15 properties in limited company SPVs and features competitive rates.
