Related topic: Landlords

Landbay has extended its Premier range with small HMO remortgage products carrying three distinct fee structures, aimed at landlords with up to 15 mortgaged properties.

The launch follows last week's introduction of new two-year fixes and rate cuts, also within the Premier range.

A new generation of landlords is helping to drive this shift, opting for limited company ownership from the outset.

The Chancellor has announced an increase tax on rental income for landlords.

In H1, landlords who remortgaged buy-to-let properties withdrew £1.94 billion to fund portfolio expansion.

ICRRs for five-year or longer remortgage products have been reduced to 4.75% or product rate plus 0.35%

Two new Premier products were launched last week, including a two-year fixed remortgage at 4.49%.

All 2-year fixed BTL rates have been reduced by 10bps to a new low of 3.14%.

The new holiday-let products are available for individual and portfolio landlords across England, Scotland, and Wales.

FHL has cut its two- and five-year fixed rate holiday let products by 0.10%, bringing five-year fixes down to 6.24%.