Landbay has made its Premier buy-to-let products available across Scotland after an initial phased launch.
The lender said the 75% LTV range is now open to the whole market, allowing all broker firms to place standard remortgage business, like-for-like remortgages, and remortgage cases that include either a free valuation or a free valuation and cashback.
Premier is aimed at landlords with up to 15 mortgaged properties and is available to both individual and limited company borrowers. Landbay said the range includes its most competitive pricing.
Within the standard range, two-year fixed-rate products start at 3.14% with a 5% fee, rising to 5.64% on a zero-fee option. Products are also available with 1%, 2% and 3% fees.
For like-for-like remortgages, Landbay is offering a two-year fixed-rate at 4.64% with a 2% fee, alongside a range of five-year fixed-rate options starting at 4.19% with a 5% fee and rising to 5.19% with no fee. Further options are available at 1%, 2% and 3% fee levels.
The lender is also offering remortgage-only five-year fixed-rate products with a free valuation, with rates starting at 4.24% with a 5% fee and rising to 5.24% on a zero-fee basis.
NEW PRODUCTS
In addition, Landbay has launched remortgage products that include a free valuation and £500 cashback. These five-year fixed-rate products are all priced at 5.25%, with the fixed fee determined by the maximum loan required.
Landbay has also introduced Scotland-specific criteria. These include a requirement that the property must be, or will be, listed on the Scottish Landlord Register; that it must be let on a Short Assured or Private Residential Tenancy; and that tenure must be long lease or owned. Freehold flats are allowed, as are ex-local authority properties above four storeys.
Rob Stanton, sales and distribution director at Landbay, said: “Launching our Premier range fully into Scotland is a significant step for us and follows a carefully managed rollout to ensure we are delivering the right products with the right service levels for brokers and their landlord clients.
“Scotland is a distinct market, with its own legal framework and tenancy structures, and we have taken the time to make sure our criteria, processes and pricing reflect that.
“By opening this range to the whole of market, we are giving brokers across Scotland access to competitive two- and five-year fixes, like-for-like remortgages and cashback options, all supported by a lending approach that understands how landlords operate there.
“Our focus has been on providing choice and clarity. Whether advisers are dealing with straightforward purchases, refinancing existing borrowing, or landlords looking to manage costs with free valuations and cashback, this range offers flexibility across different fee structures and loan sizes.
“We have also introduced Scotland-specific criteria to give brokers confidence around eligibility from the outset, helping to reduce uncertainty and keep cases moving.
“For us, this is about backing brokers with landlord clients active in Scotland, delivering products that are well-priced, practical and built around the realities of their market.”
