Landbay has announced the launch of a new suite of holiday let products for landlords, along with a restructuring of its BTL products.
The lender is introducing four new fixed-rate holiday let options, all available up to 75% LTV.
The new options include two- and five-year fixed products.
Loan sizes will range between £100,000 and £1m, with a maximum of five properties permitted.
Rob Stanton, sales and distribution director at Landbay (pictured above), commented: “Holiday lets are an area of interest for many landlords — particularly with the long-term growth of the staycation market.
“By launching this dedicated suite of products, we are giving brokers and their borrower clients straightforward access to products that have been designed with the quirks of holiday letting in mind.
“Competitive rates, clear criteria and flexible loan sizes mean we can support landlords looking to diversify their portfolios.”
Landbay has also redesigned its BTL products into three new product sets.
The premier set provides standard products for landlords with up to 15 properties in limited company SPVs, while the core offering includes options for limited company structures and access to AVM products.
The specialist set is suited to more specialised properties — including holiday lets, HMOs, MUFBs and trading companies.
Rob explained: “We’ve taken the opportunity to simplify our wider BTL range into three clear product sets — premier, core and specialist.
“This makes it easier for brokers to navigate our offering and quickly find the right solution for their landlord clients.
“Whether it’s a straightforward limited company application, a large portfolio case or a more complex property such as a holiday let or an HMO, our new structure will make the process faster, simpler and more transparent.”
