Landbay has introduced two new five-year fixed-rate BTL mortgage options with no product fees.
The first standard product offers loans between £65,000 and £1.5m at 75% LTV, priced at 5.69%.
The second, 70% LTV new option, available at 5.69% for properties with a maximum value of £750,000, is an addition to Landbay’s range of products utilising AVMs.
All options are now available for intermediaries to view and compare using its BTL affordability calculator.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “We pride ourselves on our ability to respond quickly to opportunities to expand and enhance our product range — it’s all part of our commitment to our broker partners to provide a product range that is broad and diverse enough to meet the requirements of their landlord clients across the country.
“While the rate may not be suitable for every client, it will certainly work for those with no appetite for fees or those borrowers with higher-yielding properties.
“As affordability continues to improve, we're thrilled to offer landlords two zero-fee options, including our latest addition to the AVM product range.
“This range has been met with outstanding feedback from our intermediary partners, further enhancing our commitment to providing valuable solutions in the property market.”
