Landbay has launched a range of premier remortgage AVM two-year fixed products.
These are available up to 75% LTV and comprise four two-year fixed-rate options offering zero, 1%, 3% and 5% fee structures.
According to Landbay, opting for an AVM product and removing the need for a physical valuation, these products could help landlord borrowers secure offers faster and potentially save money.
Premier is Landbay’s range of standard and HMO products for borrowers with up to 15 mortgaged properties.
Elsewhere, the lender has made selected rate reductions across its premier range.
This has seen two-year fixed-rate products, including product transfer and like-for-like remortgage options, reduced by 5bps. They are now available at 3.34% with a 5% fee and 5.84% with zero fee.
Landbay has also reduced selected premier small HMO five-year fixed-rate products by 5bps, including product transfer options. They include both a 4.79% product with a 5% fee, and a 5.59% with a 1% fee.
“Speed continues to matter for advisers and their landlord clients, particularly in the remortgage market, and these new AVM options help us deliver an even quicker journey where they're suitable,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“Alongside that, today's rate reductions give brokers even more competitive choices across more standard plus small HMO cases.
“We remain focused on offering advisers a broad range of products, competitive pricing and the certainty they need to place business confidently with Landbay."
