Landbay has strengthened its product offering with the launch of a new limited edition range of remortgage products.
The new launch sees no less than eight new remortgage products joining the Landbay range. This includes standard five-year fixed rate products, available at up to 70% and 75% loan-to-value (LTV), with rates starting at 4.69%.
Landbay’s popular AVM-supported range has also been extended with the addition of new standard remortgage five-year fixed rate products. These are available at up to 65% LTV, with rates also starting at 4.69%.
It follows reductions by the lender last week, with rates cut by up to 0.15% on its standard five-year range and small HMO/MUFB products.
The new additions, along with Landbay’s full product range, are available for intermediaries to view and compare using the lender’s buy-to-let affordability calculator. In addition, products are available using Landbay’s variable fee structure for enhanced affordability.
Leading products:
- Limited Edition Remortgage Standard 5 Year Fixed 70% LTV @4.69% 6% Fee
- Limited Edition Remortgage Standard 5 Year Fixed 75% LTV @4.89% 5% Fee
- Limited Edition Remortgage Standard 5 Year Fixed 75% LTV @5.49% 2% Fee
- Limited Edition AVM Remortgage Standard 5 Year Fixed 65% LTV @4.69% 6% Fee
- Limited Edition AVM Remortgage Standard 5 Year Fixed 65% LTV @5.49% 2% Fee
Rob Stanton, sales and distribution director at Landbay, said: “It’s great to be able to hit the market with a set of competitive limited edition products, taking advantage of our AVM technology to help deliver greater efficiencies and cost savings for those landlords looking to remortgage. This is following further rate reductions as we capitalise on opportunities to make our range as competitive as possible for brokers and their clients.
“Our activity will help brokers support landlords in both camps – whether they are one of many looking to remortgage, or one of those still looking at properties to purchase. While some landlords may choose to sit on their hands, others are responding to a difficult residential market and exploring investment opportunities across the country. Either way, Landbay is willing and able to support.”
