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

Skipton brings brokers and developers together to drive sustainable housing agenda

Skipton Building Society has brought together brokers, developers, and sustainability specialists at its head...

Foundation Home Loans expands residential range and cuts rates

Foundation Home Loans has announced a series of rate reductions and product enhancements across...

ColCap and Molo complete £300m buy-to-let securitisation

ColCap Financial and digital mortgage lender Molo have completed their second securitisation under the...

West Brom cuts mortgage rates to aid first-time buyers and remortgagers

West Brom Building Society has reduced rates across its core two-year and three-year mortgage...

Paragon promotes quartet as dev finance division expands reach

Paragon Bank has announced several promotions within its development finance division as it looks...

Latest publication

Other news

Skipton brings brokers and developers together to drive sustainable housing agenda

Skipton Building Society has brought together brokers, developers, and sustainability specialists at its head...

Foundation Home Loans expands residential range and cuts rates

Foundation Home Loans has announced a series of rate reductions and product enhancements across...

ColCap and Molo complete £300m buy-to-let securitisation

ColCap Financial and digital mortgage lender Molo have completed their second securitisation under the...