Buy-to-let lender, Landbay, has launched new five-year fixed rate remortgage products within its Premier range, each offering £500 cashback and a free valuation.
Premier is a range of standard products for landlords with up to 15 properties, available to both individual and limited company landlord borrowers, and features some of Landbay’s most competitive rates.
The five new additions are available up to 75% LTV and are all priced at 5.09% with different fee levels based on the maximum loan size required.
The fee is £899 on a maximum loan of £150,000, £1,009 up to £300,000, £1,399 up to £500,000, £1,599 up to £700,000, and £1,899 up to £1m.
The new remortgage products follow the launch last week of new two-year trackers and fee-free five-year fixed rates, also within the Premier range.
Rob Stanton, sales and distribution director at Landbay, said: "These new five-year fixed rate remortgage products are built around what brokers are telling us landlords need right now, which is clear pricing and tangible support with upfront costs. The £500 cashback, alongside a free valuation, can make a real difference to overall remortgage value, particularly for portfolio landlords managing multiple properties.
“We have kept the rate consistent at 5.09% across all five products, allowing advisers to focus on matching the right fee tier to the client’s loan size rather than navigating multiple rate points. In a market where many landlords are reviewing their refinance options, our aim is to provide simple, competitive products within the Premier range that help brokers deliver positive outcomes for their clients.”
