Landbay expands Limited Edition and PT ranges

Published on

Landbay has bolstered its limited-edition range with four new products for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

The new deals are available at up to 75% loan-to-value (LTV) and cover loans between £150,000 and £500,000. They are available as five-year fixed rates and start at 5.09%.

The products join the limited-edition range which was previously expanded to include options for both remortgage and new purchases.

Landbay has also announced new additional small HMO/MUFB products will be joining its new product transfer offering. Similarly, these five-year fixed rate products are also available at up to 75% LTV with rates starting at 5.09%.

Since its launch last month, Landbay’s product transfer offering has been in high demand, All new products are now live and available using Landbay’s variable fee structure for enhanced affordability.

Rob Stanton, sales and distribution director at Landbay, said: “Given the pressures in the residential market and the increasing number of students, transient workers and foreign nationals, demand for multi-unit properties has only continued to grow.

“As a lender supporting the buy-to-let market, it’s important that we can offer the necessary products to support broker partners and their landlord clients across the country.

“Another important addition to our product transfer proposition further proves our commitment to grow and expand this valuable product range.

“We’ve been really impressed by the demand we’ve seen so far and I’m sure this will only continue as both brokers and borrowers explore the competitive rates we’re able to offer, as well as the valuable time and cost savings our approach can deliver.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...

Clydesdale Bank raises fixed mortgage rates across core and specialist ranges

Clydesdale Bank is set to raise a range of fixed mortgage rates from Monday,...

Growth in online auctions reshaping UK property market

The UK property auction market is being rapidly transformed by digital platforms, with record...

Mount Street appoints new head of HR to lead global people strategy

Mount Street Group has appointed Fatima Badini as head of human resources, with a...

Latest publication

Other news

Market Harborough cuts rates on larger residential loans

Market Harborough Building Society has reduced rates on its larger loan products by as...

Discount Market Value: a local solution for a national housing challenge

The UK housing market is under constant scrutiny, especially when it comes to bolstering...

Shawbrook promotes Apollonio to lead retail mortgage sales

Shawbrook has promoted Louise Apollonio to sales and distribution director for retail mortgages, as...