Landbay has added new small HMO remortgage products to its Premier range as it looks to widen options for landlords refinancing specialist buy-to-let properties.

The buy-to-let lender said the products launched on 13 April and follow the addition of small HMO deals to the Premier range last month.

The products are aimed at properties with up to six bedrooms and sit within Landbay’s Premier proposition, which is available to individual and limited company landlords with up to 15 mortgaged properties. The lender said the range includes some of its most competitive rates.

The new products are all five-year fixed-rate remortgage deals at 70% loan-to-value, with three fee options intended to suit different landlord strategies and portfolio requirements.

Rates are 4.84% with a 5% fee, 5.24% with a 3% fee, and 5.64% with a 1% fee.

Landbay has also introduced set valuation fees across all small HMO products. These start at £750, plus a £199 administration fee, for properties valued at up to £400,000, rising to £2,150, plus the same administration fee, for properties valued between £1,800,001 and £2 million.

Rob Stanton (pictured), sales and distribution director at Landbay, said: “In the current market, we are seeing brokers and their landlord clients place a clear focus on managing existing borrowing and ensuring portfolios remain sustainable over the longer term.

“Remortgage activity is therefore a key area of demand, particularly for more specialist property types such as Small HMOs.

“These new remortgage products are designed to give brokers a broader range of options when supporting landlord clients, with pricing and fee structures that can be matched to different financial priorities.

“We have been clear in recent weeks that, while market conditions remain changeable, our focus is on maintaining product availability and adding to the range where it is responsible to do so.

“The launch of these products is a direct reflection of that approach.

“By continuing to expand our Premier offering, we are ensuring advisers have access to competitive remortgage product solutions for Small HMO landlord borrowers, helping them place business with confidence even in testing conditions.”