Landbay has bolstered its product proposition with the launch of a new limited edition range of remortgage products.
There are eight new remortgage products, including standard five-year fixed rate products, available at up to 70% and 75% loan to value (LTV), with rates starting at 4.69%.
AVM RANGE
Landbay’s AVM-supported range has also been extended with the addition of new standard remortgage five-year fixed rate products. These are available at up to 65% LTV, with rates also starting at 4.69%.
It follows reductions by the buy-to-let lender last week, with rates cut by up to 0.15 basis points (bps) on its standard five-year range and small HMO/MUFB products.
New products include the following:
- Limited Edition Remortgage Standard 5 Year Fixed 70% LTV at 4.69% 6% Fee
- Limited Edition Remortgage Standard 5 Year Fixed 75% LTV at 4.89% 5% Fee
- Limited Edition Remortgage Standard 5 Year Fixed 75% LTV at 5.49% 2% Fee
- Limited Edition AVM Remortgage Standard 5 Year Fixed 65% LTV at 4.69% 6% Fee
- Limited Edition AVM Remortgage Standard 5 Year Fixed 65% LTV at 5.49% 2% Fee
Rob Stanton, sales and distribution director at Landbay, said: “It’s great to be able to hit the market with a set of competitive limited edition products, taking advantage of our AVM technology to help deliver greater efficiencies and cost savings for those landlords looking to remortgage.
“This is following further rate reductions as we capitalise on opportunities to make our range as competitive as possible for brokers and their clients.
“Our activity will help brokers support landlords in both camps – whether they are one of many looking to remortgage, or one of those still looking at properties to purchase.
“While some landlords may choose to sit on their hands, others are responding to a difficult residential market and exploring investment opportunities across the country. Either way, Landbay is willing and able to support.”
