Buy-to-let lender Landbay has announced that it has launched a new range of five-year fixed remortgage products after forming a partnership with digital conveyancing firm Conveyd. The new products include assisted legals and a free valuation and are aimed at brokers handling straightforward landlord remortgage cases.
Landbay said the range is designed to reduce upfront costs for borrowers and speed up the journey from application to completion. The lender expects the assisted legals process to remove friction for both brokers and clients by creating a more streamlined legal experience.
Conveyd positions itself as a UK technology company seeking to ‘reinvent conveyancing’ through artificial intelligence and specialist legal expertise. Under the new arrangement, Conveyd manages the process end-to-end and works directly with the instructed conveyancer to progress each case through to completion.
The remortgage-only buy-to-let products are available as five-year fixed rates with fees between £999 and £1,999, depending on loan size. Rates start from 5.09% and are offered up to 75% LTV.
Key features of the new products include:
five-year fixed-rate remortgage options only
assisted legals with standard conveyancing costs covered
free valuation included
loan sizes from £30,000 to £750,000
maximum property value of £1.5m
The products sit within Landbay’s Premier range, which is aimed at landlords with up to 15 properties. The range is open to both individual and limited company borrowers and contains some of the lender’s lowest-priced buy-to-let deals.
The five-year fixes follow Landbay’s launch last week of new two-year fixed-rate products and a series of rate reductions within the same Premier range.
“Remortgage activity remains a major focus for landlord borrowers and brokers, and we know that speed, cost and certainty all matter within this context,” said Rob Stanton, sales and distribution director at Landbay (pictured).
“Our new five-year fixes with assisted legals and free valuations are therefore designed to take pressure out of the process, reduce upfront costs for clients, and help brokers move cases through the process smoothly.
“Working with the digital conveyancing experts at Conveyd allows us to bring together strong pricing, as part of the Premier range, with a more joined-up legal process. All standard conveyancing costs are covered by these products, significantly reducing the costs for a borrower during a remortgage. For straightforward cases, this means fewer delays, clearer communication, and a better overall experience for all stakeholders.”
“We’re incredibly excited to partner with a like-minded, digital-first lender who shares our vision for the future of home transactions,” said Manasi Kulkarni, ceo of Conveyd. “The collaboration with Landbay has been fantastic so far; we are learning from every case, listening closely to feedback, and working together to deliver the best possible experience for customers.”
