"For the health and prosperity of the private rented sector, we absolutely need to be supporting landlords of all shapes and sizes, and equipping advisers with the broad product range that enables them to deliver the value that they offer"
- Rob Stanton - Landbay
Specialist buy-to-let lender Landbay has announced a 0.25% rate reduction across its popular non-portfolio product range, further enhancing affordability for landlords with smaller property holdings.
The non-portfolio range is designed for landlords with three or fewer mortgaged properties and offers both Automated Valuation Model and standard valuation options. Following the reduction, rates on this five-year fixed rate range now start from 4.09%, available up to 75% loan-to-value.
Key products in this updated range include a five-year fixed rate at 4.09% with a 7% fee for loans up to 70% LTV using AVM, and a five-year fixed rate at 4.34% with a 6% fee for loans up to 75% LTV. For those preferring a lower upfront fee, Landbay is also offering a five-year fixed rate at 5.14% with a 2% fee for loans up to 75% LTV.
In addition to the non-portfolio range, Landbay has reduced rates on its standard five-year fixed products at 55% LTV. These now start from 4.19% with a 7% fee, or 5.19% with a 2% fee, following the 0.25% reduction.
All products come with a flexible fee structure, enabling brokers to tailor affordability options to client needs. These offerings are now easier than ever to assess using Landbay’s enhanced buy-to-let affordability calculator.
The latest version features improved design and functionality, including a simplified interface that allows intermediaries to view product details at a glance. Brokers can now enter client-specific information to see eligible products, complete with an estimate of the total cost of the loan over the initial fixed term.
“Our recent data has demonstrated the appetite that still exists among landlords to invest in property," explained Rob Stanton (pictured) , sales and distribution director at Landbay.
He added, "As a BTL lender, we’re not doing our job if we’re not making sure we support every corner of the market with relevant products and competitive rates. It’s great to be able to bring reductions to our non-portfolio range, which remains hugely popular as it answers a clear need and demand in the market.
“For the health and prosperity of the private rented sector, we absolutely need to be supporting landlords of all shapes and sizes, and equipping advisers with the broad product range that enables them to deliver the value that they offer. It presents a great opportunity to check out our enhanced affordability calculator – especially with a whole host of improvements and upgrades made.”
