Due to the increasing number of people looking to invest in properties, fuelled by stock market volatility and resilience in the housing market, there has been a marked increase in the number of first-time landlords entering the market.
According to the lender, rates on the new products start from 3.14% for the two-year fixed rate and 3.44% for the five-year fixed rate. The range has a maximum 75% Loan to Value (LTV) and comes with a free valuation option for remortgages with a maximum loan size of £1m.
Paul Brett, managing director of Intermediaries at Landbay, said: “Now is a great time to invest in buy-to-let properties and demand in the buy-to-let sector is booming. Rent is increasing across the country, the stamp duty holiday is rumoured to be extended by three-months and house prices continue to rise.
“It is no surprise to see more and more first-time landlords looking to invest, and those with one or two properties looking to increase their portfolios. Adding these products to our already market-leading range will ensure we fully support this growing number of potential landlords. Combined with our new calculator, cutting-edge technology and exceptional service, our product range caters for every client, whether new to the sector or purchasing their latest portfolio property.”
