According to the lender, rates on the new range start from 3.39% and it will also lend both on large and small HMOs of up 12 units, multi-unit freehold blocks and new build properties.
It also continues to offer its lifetime tracker rate with no early redemption charges.
Landbay has also resumed its physical valuations and these are now available on all new buy-to-let applications; it is also working through its pipeline of loans from applications received throughout the lockdown.
All new applications benefit from Landbay’s instant Decision in Principle (DiP), launched at the end of March. This highly-streamlined application process uses intuitive technology and takes only two minutes from start to finish. Landbay’s whole application process is completely paperless from start to finish and is now completed in just nine simple steps.
Paul Brett, Managing Director of Intermediaries at Landbay, said: “It is good to be able to support our loyal brokers and increase our range of mortgages, particularly with a 75% LTV product which we have received a huge amount of demand for.
“It has been our aim throughout this challenging period to be a supportive force for brokers and to be a steady presence in the market. And, due to our diversity of funding, we have fortunately been able to continue lending throughout the whole of the last two months. This range will now help to give something more to our brokers and their clients, who are keen to remortgage or keep investing in the buy-to-let market.”
