Landbay adds AVMs and small HMO products to Premier range

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Landbay has expanded its Premier buy-to-let range with new small HMO and remortgage AVM products, alongside fresh product transfer options for existing borrowers.

The lender said the additions are available to landlords with up to 15 mortgaged properties and can be accessed by both individual and limited company borrowers.

Premier is aimed at landlords with smaller portfolios and includes some of Landbay’s lower-priced products. The latest changes bring in new two-year and five-year fixed rate options for small HMOs and product transfer small HMOs, available up to 75% LTV and across a range of fee structures.

For small HMOs, two-year fixes start at 5.59% with a 1% fee and 4.59% with a 3% fee. Five-year fixes are available at 5.49% with a 1% fee, 5.09% with a 3% fee and 4.69% with a 5% fee.

For product transfer small HMOs, two-year fixes are available at 5.64% with a 1% fee and 4.64% with a 3% fee. Five-year fixes are priced at 5.54% with a 1% fee and 5.14% with a 3% fee.

Landbay has also introduced new remortgage AVM five-year fixes within the Premier range, also available up to 75% LTV. These are offered at 5.24% with a 1% fee, 5.04% with a 2% fee, 4.84% with a 3% fee and 4.44% with a 5% fee.

The move follows Landbay’s expansion of the Premier range into Scotland earlier this month.

Rob Stanton, LandBay
Rob Stanton, LandBay

Rob Stanton, sales and distribution director at Landbay, said: “We appreciate that there has been a significant degree of upheaval within the buy-to-let sector over the last couple of weeks and unfortunately that looks unlikely to change within the short-term.

“However, what we are trying to do at Landbay is manage our existing range with new additions which will support advisers and their landlord clients across a wider array of product options.

“Following our recent expansion into Scotland, we are pleased to bring Small HMO and Remortgage AVM options into our Premier range.

“These additions give advisers more ways to support purchase, remortgage and existing borrower activity, particularly where speed and certainty are key.

“Whether it is helping landlords with more complex property types such as HMOs, or streamlining the valuation process through AVMs, these products are designed to provide practical solutions and support ongoing investment across the private rental sector.”

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