Buy-to-let lender, Landbay, has announced that its premier products are now available for individual applications.
Initially launched for landlords with up to 15 properties in limited company SPVs, the products are now open to individual landlords, too. The range includes two-year and five-year fixed rates from 3.39% with options for free valuation remortgage and product transfers.
In recent weeks, Landbay’s premier range has seen rate reductions and new products – including new two-year fixed rate options and like-for-like remortgage products. The product set also benefits from Landbay’s variable fee structure to further enhance affordability.
Premier products include a like-for-like two-year fixed rate product, which is stressed at payrate or 4.5% and is available at up to 75% LTV with a max loan of £2 million.
The premier range sits alongside the separate core product set, which offers lending solutions for portfolio landlords including options for limited company structures and access to AVM products. Landbay also provides a specialist product set, which offers extra flexibility for more specialised properties – including holiday lets, HMOs, MUFBs and trading companies.
Rob Stanton, sales director at Landbay, said: “For brokers looking to support clients outside of limited company SPVs, the news of access to this set of innovative and highly competitive products will be hugely welcome. Increasing the scope of our premier products to include individual applicants reflects their critical role in the rental market mix and our commitment to use every avenue to support brokers and landlords – particularly when it comes to affordability.
“The premier products answers every call, whether it’s responding to new investment opportunities with competitive fixed rates or giving landlords the options and breathing space they need as they look to refinance. In the process, we give our broker partners more tools at their disposal to support landlords of all sizes and setups.”
