Landbay launches new fixed-rate product range

The specialist BTL lender has also added six new two-year and five-year fixed rate products for large HMOs and MUFBs, with rates starting at 6.59%. 

That’s in addition to new fixed-rate products, which include standard two-year and five-year fixed rates for small HMOs/MUFBs and for like-for-like remortgage products.

The new limited-edition range is available with variable fees, rates and LTVs. 

New limited-edition standard five-year fixed products include:

• a 55% LTV, 5.15% rate with a 7% fee
• a 70% LTV, 5.25% rate with a 7% fee
• a 70% LTV, 6.05% rate with a 3% fee
• a 75% LTV, 6.15% rate with 3% fee

 

New large HMO/MUFB products are:

• two-year fixed, 75% LTV, 6.59% rate with a 5% fee
• five-year fixed, 65% LTV, 6.59% rate with a 5% fee
• five-year fixed, 75% LTV, 6.69% rate with a 5% fee

 

New fixed-rate products comprise:

• standard two-year fixed, 75% LTV, 5.79% rate with a 5% fee
• standard five-year fixed, 75% LTV, 6.39% rate with a 5% fee
• like-for-like remortgage standard two-year fixed, 75% LTV (gross) 4.69% rate with a 7% fee
• small HMO/MUFB five-year fixed 70% LTV, 6.39% rate with a 6% fee

 

Rob Stanton, business development director at Landbay (pictured above), commented: “Our new range will appeal to the large number of landlords still looking for the certainty of a fixed rate.

“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new [products] aims to suit differing client appetite and demands.

“It sits alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”