Landbay adds product transfer options and trims rates in expanded summer special

Buy-to-let lender Landbay has expanded its Summer Special product range with five new product transfer options and a raft of rate reductions across its standard offering.

The latest additions to the range include both two- and five-year fixed rate options available up to 75% loan-to-value, with rates starting at 4.29%.

The newly launched product transfers mirror the lender’s existing Summer Special deals, which were introduced earlier this season and are targeted exclusively at limited company borrowers.

Among the highlights are a five-year fixed rate at 4.29% with a 5% fee, and a two-year fixed at the same rate with a 3% fee. Alternative fee structures are also available, with rates adjusted accordingly. All loans cater to standard property types and cover amounts between £30,000 and £2 million.

REDUCTIONS

Landbay has also confirmed a reduction of up to 0.10% across selected two- and five-year products in the Summer Special range. The updated pricing, which also applies to the new transfer options, is underpinned by the lender’s variable fee structure to enhance affordability calculations.

Rob Stanton, sales and distribution director at Landbay, said: “Since launch, our product transfer proposition has proven incredibly popular among landlords looking for an efficient and cost-effective way to refinance.

“Now, we bring these fantastic options to our new Summer Special range and strengthen what is already a competitive and hugely attractive suite of products. Adding in a rate reduction further sweetens the deal and reflects our commitment to jump on opportunities as soon as they present themselves.

“The combination of our broad funding model, powerful technology and in-house expertise means we can continue to prioritise product choice, speed and agility to deliver for brokers and their landlord clients across the country.”

All products are exclusively available via special purpose vehicle limited companies. Intermediaries can access the full range and run affordability scenarios using Landbay’s buy-to-let calculator.