Landbay has launched a number of its Premier BTL range products into Scotland.
Following a successful initial phased launch, the range of 75% LTV products is now available to the whole of market.
Premier is a range of standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers.
· the property must (or will) be listed on the Scottish Landlord Register
· the property must be let on a short assured or private residential tenancy
· the tenure must be long lease or owned; freehold flats are allowed and ex-Local Authority properties above four storeys are now allowed
Rob Stanton, sales and distribution director at Landbay (pictured above), said: “Launching our Premier range fully into Scotland is a significant step for us and follows a carefully managed rollout to ensure we are delivering the right products with the right service levels for brokers and their landlord clients.
“Scotland is a distinct market with its own legal framework and tenancy structures, and we have taken the time to make sure our criteria, processes and pricing reflect that.
“By opening this range to the whole of market, we are giving brokers across Scotland access to competitive two- and five-year fixes, like-for-like remortgages and cashback options, all supported by a lending approach that understands how landlords operate there.
“For us, this is about backing brokers with landlord clients who are active in Scotland, delivering products that are well priced, practical and built around the realities of their market.”
