In addition to Landbay’s Standard Term Tracker Rate, the following products will be available exclusively via Landbay’s broker partners and include:
• Standard Term Tracker: rates from 3.98% (LIBOR + 3.60%), including a no ERC product at 4.38% (LIBOR + 4.0%)
• Standard 5 Year Fixed with a maximum LTV of 80%
• HMO/MUFB Term Tracker: from 4.18% (LIBOR + 3.80%)
• HMO/HUFB 5 Year Fixed: from 4.39%
All products are available to SPVs at the same rate as individual borrowers, and with no additional fees.
Paul Clampin, Landbay’s Chief Lending Officer, said, “Our new mortgage products have been designed to serve the needs of the professional landlord. Demand for rental property remains strong and we are committed to operators that provide high quality housing in the increasingly important UK Private Rented Sector.”
