Landbay has unveiled new products and rate reductions across its range of small HMO and MUFB fixed rate products.
Two-year and five-year fixed rate products have seen rate reductions of up to 0.15%, with products now starting at 4.34%. In addition, the range has been extended with six new five-year fixed rate products at 65% loan-to-value (LTV).
To support brokers and their landlord clients with affordability pressures, the range is available using Landbay’s variable fee structure.
It comes in the same week as Landbay announced further rate reductions across its standard five-year fixed rate product range, with rates reduced by up to 0.06%.
Landbay’s full product range is available for intermediaries to view and compare using the lender’s buy-to-let affordability calculator.
Product highlights:
- New Small HMO/MUFB 5 Year Fixed 65% LTV @ 5.24% – 6% Fee
- New Small HMO/MUFB 5 Year Fixed 65% LTV @ 5.99% – 3% Fee
- Small HMO/MUFB 2 Year Fixed 65% LTV @ 4.34% – 6% Fee (was 4.44%)
- Small HMO/MUFB 2 Year Fixed 65% LTV @ 5.94% – 3% Fee (was 6.04%)
- Small HMO/MUFB 5 Year Fixed 75% LTV @ 5.34% – 6% Fee (was 5.44%)
- Small HMO/ MUFB 5 Year Fixed 75% LTV @ 6.09% – 3% Fee (was 6.24)
- First-Time Landlord Small HMO/MUFB 2 Year Fixed 75% LTV @ 5.14% – 5% Fee (was 5.24%)
Rob Stanton, sales and distribution director at Landbay, said: “Both HMOs and MUFBs continue to play a critical role in the wider housing mix in the UK, with these landlords providing vital accommodation to the likes of students and young professionals across the country. It’s great to be able to seize the opportunity to not only make our range more competitive, but to expand its reach to support both landlords and our broker partners.”
“While the HMO/MUFB arena can be complex, our nationwide BDM team are incredibly knowledgeable and have a clear understanding of the nuances and regional differences to best guide and support our clients. As the student population continues to increase and demand remains high among young professionals and transient workers, it’s important that lenders play their part to support landlords in this thriving area of the market.”
