"Following new innovation in our product transfer range, it’s fantastic to bring to market rate reductions and new products in our ever-popular non-portfolio range"
- Rob Stanton - Landbay
Landbay has announced a reduction in pricing of up to 0.15% across its non-portfolio range, introducing several new buy-to-let options designed for landlords with three or fewer mortgaged properties.
The adjustments affect both standard and AVM-supported five-year fixed products within the non-portfolio segment. One of the latest additions is a five-year fixed rate at 4.84%, available up to 55% loan-to-value (LTV) with a 3% product fee.
Three more five-year fixed deals have also been added to the standard range, all capped at 55% LTV. Rates for these new products start at 4.39%.
All of Landbay’s non-portfolio products benefit from a variable fee structure designed to support improved affordability. Intermediaries can access the full range through Landbay’s updated buy-to-let affordability calculator.
These changes follow recent product innovations by the lender, including the introduction of additional borrowing and overpayment features to its product transfer range.
Updated product options include:
5-year fixed (non-portfolio standard and AVM), 75% LTV at 4.29% with 6% fee
5-year fixed (non-portfolio standard and AVM), 75% LTV at 5.09% with 2% fee
5-year fixed (non-portfolio standard), 55% LTV at 4.84% with 3% fee
5-year fixed (standard), 55% LTV at 4.39% with 6% fee
“Following new innovation in our product transfer range, it’s fantastic to bring to market rate reductions and new products in our ever-popular non-portfolio range,” said Rob Stanton, sales and distribution director at Landbay. “This is an important segment of the market that absolutely needs support from lenders, so it is great to be able to assist our broker partners further in meeting this growing demand.”
“Our activity this week is a clear example of our commitment to support the buy-to-let market,” Stanton added. “Not only are we making sure our products remain competitive, but our product range is broad enough to support landlords of all sizes and can help with both new purchases and refinancing. As ever, we continue to explore every opportunity to improve and expand our range to benefit our broker partners and their landlord clients.”
