Landbay has introduced new Small HMO and Remortgage AVM products to its Premier range, along with new Small HMO Product Transfer (PT) options for existing borrowers.
The lender has launched new two- and five-year fixed-rate options, available up to 75% LTV and at various percentage fee options, for both its Small HMO and PT Small HMO within the Premier range.
· Small HMO: two-year fixes available at 5.59% (1% fee) and 4.59% (3% fee); five-year fixes available at 5.49% (1% fee), 5.09% (3% fee) and 4.69% (5% fee)
· PT Small HMO: two-year fixes available at 5.64% (1% fee) and 4.64% (3% fee); five-year fixes available at 5.54% (1% fee) and 5.14% (3% fee)
The new Remortgage AVM five-year fixes, also available up to 75% LTV, cover four different variable fee options: 5.24% (1% fee), 5.04% (2% fee), 4.84% (3% fee) and 4.44% (5% fee).
The introduction of AVMs and HMOs to the Premier range follows its launch into Scotland earlier this month.
Rob Stanton, sales and distribution director at Landbay (pictured above), commented: “We appreciate that there has been a significant degree of upheaval within the BTL sector over the last couple of weeks and unfortunately that looks unlikely to change within the short term.
“However, what we are trying to do at Landbay is manage our existing range with new additions that will support advisers and their landlord clients across a wider array of product options.
“Whether it is helping landlords with more complex property types such as HMOs or streamlining the valuation process through AVMs, these products are designed to provide practical solutions and support ongoing investment across the private rental sector.”
