Landbay brings Core range to Scotland

Landbay has expanded its lending proposition into Scotland with the launch of 12 products from its core range.

This development will allow Scottish portfolio landlords to access products including two- and five-year fixed-rate options, available up to 75% LTV, for landlords purchasing or remortgaging standard residential investment properties.

The range includes products available with AVMs, alongside non-AVM alternatives, and offers a variety of fee structures to suit different borrowing requirements.

The Core range also provides access to finance for landlords with more complex SPV company structures and has no portfolio limit.

Among the new products are Core AVM two-year fixed-rates starting from 4.74% with a 5% fee, alongside a 5.74% option with a 3% fee.

Five-year Core AVM fixed-rates are available from 5.64% with a 6% fee, while a 5.84% option is also available with a 5% fee.

The launch follows Landbay's introduction of its Premier range into Scotland in March, with the lender also appointing Daniel Bell as BDM for Scotland, North Yorkshire and the North East last month.

The lender also recently appointed Scott Phillips as national account manager.

“We have always recognised that Scotland is a distinct market with its own requirements, and our approach has been to expand our offering in a considered way, ensuring we can provide the products, criteria and service that advisers want and need,” said Rob Stanton, sales and distribution director at Landbay (pictured above).

“With Premier and Core now available alongside each other, we can offer considerably more choice to Scottish advisers and their landlord clients, and we look forward to building on this over the coming months.”