Landbay has refreshed its range for professional landlords.
It has expanded and improved over 30 products.
Changes include a reduction in rates by up to 0.60 percentage points and fee cuts by up to 0.5 percentage points . Those affected include fixed and tracker products across standard properties, small and large HMOs/multi-units, and expat lending.
These are available to all buy-to-let landlords via their brokers, as well as accessible through Landbay’s network and club partners; recent additions include The Mortgage Compliance & Insurance Club and The Right Mortgage & Protection Network.
Landbay is also launching an exclusive lending update for its packager partners; maximum loan size will increase from £1.5m to £2m for any of Landbay’s approved packager partners such as Dynamo, 3mc, Brightstar, Complete, Impact, MFB, and Vantage.
The changes follow the increase of the maximum loan term earlier this year from 25 to 30 years and come at a time of growth and expansion for Landbay, both in terms of lending and headcount.
Paul Brett, managing director of intermediaries at Landbay, said: “In the everchanging world of buy-to-let, brokers and landlords alike need access to a wider offering and more flexibility than ever before. Landbay prides itself on putting its intermediary partners front and centre, attending broker events around the country to ensure we’re meeting the requirements of the market.
“This product revamp is designed to help brokers support more of their landlord clients. The increased loan size and reduced rates will ensure we remain competitive in the market. This is especially the case in more unusual cases, which are becoming ever more commonplace in the specialist world of buy-to-let.”
