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.”
