Available up to 75% loan-to-value (LTV) for both remortgage and product transfer (PT) borrowers, the new additions come with free administration and no application fees.
The remortgage options are priced at 4.72% with a 3% fee or 4.32% with a 5% fee, while the PT equivalents are offered on the same terms – at 4.72% with a 3% fee and 4.32% with a 5% fee.
In addition, Landbay has reduced the rates on its two-year fixed Summer Special products by 0.20% for loans up to 75% LTV. The updated products are now available at 4.59% with a 2% fee or 4.09% with a 3% fee, across both standard and PT variants.
All of the lender's Summer Special products are exclusive to limited company landlords (SPVs) and come with variable fee options designed to improve affordability.
Rob Stanton, sales and distribution director at Landbay, said: “Landbay is an agile lender committed to changing our ranges quickly to suit broker demand – so our products always offer landlords the best possible choice. We can provide popular free valuation options and competitive rates because we can leverage the sophisticated technology on which Landbay is built – as well as our broad funding model. That combines to put us in a very good position to deliver fantastic, flexible products at attractive rates.”
