Landbay has launched five new five-year fixed-rate remortgage products within its Premier range, each offering £500 cashback and a free valuation.
Premier is a range of standard products for landlords with up to 15 properties, available to both individual and limited company landlord borrowers.
The new additions are available up to 75% LTV and are all priced at 5.09% with different fee levels based on the maximum loan size required.
For a maximum loan of £150,000, the fee is £899; for £300,000, the fee is £1,009; for £500,000, the fee is £1,399; for £700,000, the fee is £1,599; and for £1m, the fee is £1,899.
Landbay said each product is designed to support landlord borrowers looking to remortgage, with a focus on reducing upfront costs and improving overall value. It said its aim was to provide brokers with a clear and consistent pricing structure across different loan sizes.
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “These new five-year fixed-rate remortgage products are built around what brokers are telling us landlords need right now, which is clear pricing and tangible support with upfront costs.
“The £500 cashback, alongside a free valuation, can make a real difference to overall remortgage value, particularly for portfolio landlords managing multiple properties.
“We have kept the rate consistent at 5.09% across all five products, allowing advisers to focus on matching the right fee tier to the client’s loan size rather than navigating multiple rate points.”
