Landbay has launched five new product transfer tracker products to sit within its core and specialist ranges.
These additions include three core two-year tracker product transfer products, alongside new two-year trackers for both specialist small HMO and small MUFB.
Within the core range Landbay is launching a 65% LTV product with a 3% fee at Bank Base Rate (BBR) plus 1.49%, and two 75% LTV products, one with a 2% fee and a rate of BBR plus 2.24%, and one with a 3% fee at BBR plus 1.74%.
In its specialist range, the lender is launching a 75% LTV small HMO product with a 3% fee at BBR plus 1.74%, and a small MUFB, again up to 75% LTV, with a 3% fee and a rate of BBR plus 1.74%.
There are no ERCs on these products.
Core products are available for portfolio landlords, with options for individuals and all limited company structures, while the specialist range target more specialised properties including HMOs and MUFBs.
Landbay has said the launch of the new products came directly from increased broker and landlord client interest in tracker products, at a time when expectations around future interest rate movements continue to evolve.
“[Product transfer products] continue to be an important part of the broker-client relationship, giving advice professionals further food for thought when reviewing a client’s borrowing needs at the end of a deal, as they decide whether they should remain with the existing lender on the most appropriate solution,” said Rob Stanton, sales and distribution director at Landbay (pictured above).
“By expanding our [product transfer] offering across both our core and specialist ranges, we are providing brokers with further choice in order to help support those refinance conversations.”
