New limited edition range launches at Landbay

Landbay has increased its product offering and further supported landlords with a new limited edition mortgage range.

Related topics:  Finance,  Landlords,  mortgages
Property | Reporter
13th July 2023
To Let 855
"Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetites and demands"

The specialist buy-to-let lender has announced the launch of a new limited edition range comprising of 18 standard five-year fixed-rate products with rates starting at 5.15%.

Additionally, six new two-year and five-year fixed rate products for large HMOs and MUFBs have also been added, with rates starting at 6.59%, as well as new fixed-rate products including standard two-year and five-year fixed rates for small HMOs/MUFBs and for like-for-like remortgage products.

The new limited edition range is available with variable fees, rates and LTVs.

The new limited edition standard 5-year fixed products include 55% LTV 5.15% 7% Fee, 70% LTV 5.25% 7% Fee, 70% LTV 6.05% 3% Fee, and 75% LTV 6.15% 3% Fee.

New large HMO/MUFB products include a 2 Year Fix 75% LTV 6.59% 5% Fee and for 5-year fixed options, a 65% LTV 6.59% 5% Fee and 75% LTV 6.69% 5% Fee.

New fixed rate products launched are a standard 2 Year Fixed 75% LTV 5.79% 5% Fee, standard 5 Year Fixed 75% LTV 6.39% 5% Fee, Like for Like Remortgage Standard 2 Year Fixed 75% LTV (Gross) 4.69% 7% Fee, and a Small HMO/MUFB 5 Year Fixed 70% LTV 6.39% 6% Fee.

Rob Stanton, business development director at Landbay, said: “Our new limited edition range will appeal to a large number of landlords still looking for the certainty of a fixed rate. Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.

“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetites and demands. It sits alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”

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