Buy-to-let lender Landbay has expanded its Summer Special range with the launch of four new five-year fixed rate products offering free valuations and no application fees.
The new additions are available on both standard remortgages and product transfers, with all four products limited to special purpose vehicles (SPVs) and offered at up to 75% loan-to-value. Rates start at 4.32%, with borrowers able to choose between a 3% or 5% fee structure. All products also include free administration.
In parallel with the launch, Landbay has reduced rates on its two-year fixed Summer Special products by 0.20%. These rate reductions apply to both standard and product transfer variants, with the revised pricing now at 4.59% with a 2% fee, or 4.09% with a 3% fee, up to 75% LTV.
The lender said the products have been designed with flexibility in mind, offering variable fee structures to support affordability. The entire Summer Special range is available exclusively to limited companies.
Rob Stanton, sales and distribution director at Landbay, said: “Landbay is an agile lender committed to changing our ranges quickly to suit broker demand – so our products always offer landlords the best possible choice.
“We can provide popular free valuation options and competitive rates because we can leverage the sophisticated technology on which Landbay is built – as well as our broad funding model.
“That combines to put us in a very good position to deliver fantastic, flexible products at attractive rates.”
Brokers can view and compare the full product range using Landbay’s buy-to-let affordability calculator.
