Landbay targets non-portfolio landlords with new range

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Landbay has launched a new range of products for non-portfolio landlords looking to invest in buy-to-let properties.

The new range is exclusively available to those with three or fewer buy-to-let properties.

Designed to cater for the increasing number of people looking to invest in properties, rates on the products start from 3.14% for the two-year fixed rate and 3.44% for the five-year fixed rate.

The range has a maximum 75% loan to value (LTV) and comes with a free valuation option for remortgages with a maximum loan size of £1m.

Paul Brett (pictured), managing director of intermediaries at Landbay, said: “Now is a great time to invest in buy-to-let properties and demand in the buy-to-let sector is booming. Rent is increasing across the country, the stamp duty holiday is rumoured to be extended by three-months and house prices continue to rise.

“It is no surprise to see more and more first-time landlords looking to invest, and those with one or two properties looking to increase their portfolios. Adding these products to our already market-leading range will ensure we fully support this growing number of potential landlords.

“Combined with our new calculator, cutting-edge technology and exceptional service, our product range caters for every client, whether new to the sector, or purchasing their latest portfolio property.”

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