""Increasing both our maximum LTV and loan amount makes these products in our Limited Edition range even more desirable and accessible to more landlords across the country.""
- Rob Stanton - Landbay
Buy-to-let lender Landbay has expanded its Limited Edition range of automated valuation model (AVM) products by increasing both the maximum loan-to-value (LTV) and loan size available.
The Limited Edition AVM range includes four standard five-year fixed-rate products, with rates starting from 4.59%. Previously capped at 65%, the maximum LTV now extends to 70% and 75% across all four options.
Loan limits have also risen by 15%, moving from £487,500 to £562,500. The range remains available for loans starting at £75,000.
Part of a wider Limited Edition range, these AVM products cater to both purchase and remortgage purposes. They also feature Landbay’s variable fee structure, designed to enhance affordability.
All products can be reviewed and compared by intermediaries using the lender’s buy-to-let affordability calculator.
The Limited Edition AVM products now include:
Standard 5-year fixed, 70% LTV, 6% fee, 4.59% rate
Standard 5-year fixed, 75% LTV, 5% fee, 4.79% rate
Standard 5-year fixed, 75% LTV, 3% fee, 5.19% rate
Standard 5-year fixed, 75% LTV, 2% fee, 5.39% rate
"Thanks to the time and cost savings they offer, our AVM-supported products remain one of our most popular options," explained Rob Stanton, sales and distribution director at Landbay. "Increasing both our maximum LTV and loan amount makes these products in our Limited Edition range even more desirable and accessible to more landlords across the country."
"Combine this with the recent launch of our Summer Special range, which now includes product transfer options, and it’s a great example of our ethos at Landbay. Whether it’s launching new products or improving existing lines, we will do so as soon as the opportunity presents itself to ensure we are supporting brokers and their landlord clients with the most broad and competitive product range as possible."
