Landbay launches new Summer Special BTL range
BTL lender Landbay has launched a new Summer Special range of standard products, with rate reductions of as much as 0.44% compared to existing product lines.
The new Summer Special range adds five new products to the Landbay line-up, including three new five-year fixed rate products – available at up to 75% loan-to-value (LTV), and with rates starting at 4.35%. The remaining two new products are two-year fixed rates – also available at up to 75% LTV and with rates starting at 4.39%.
This marks a significant rate reduction compared to current products, with the new two-year products seeing a 0.30% improvement, while five-year rates improve by 0.44%.
All products are suitable for standard properties and for loans ranging from £30,000, up to £2 million. Landlords can also take advantage of Landbay’s variable fee structure for enhanced affordability.
The entire Landbay range, including the new Summer Special range, can be viewed and compared by intermediaries using the lender’s buy-to-let affordability calculator.
Summer Special products:
· Standard 5 year fixed – up to 75% LTV 5% fee @ 4.35%
· Standard 5 year fixed – up to 75% LTV 3% fee @ 4.75%
· Standard 5 year fixed – up to 75% LTV 2% fee @ 4.95%
· Standard 2 year fixed – up to 75% LTV 3% fee @ 4.39%
· Standard 2 year fixed – up to 75% LTV 2% fee @ 4.89%
Rob Stanton, sales and distribution director at Landbay, said: “With the launch of our new Summer Special range, things are certainly heating up here at Landbay. These five new products are highly accessible, competitively priced and a strong addition to our product offering.
“It is a fantastic testament to the strength of our tech-first approach, which enables us to identify opportunities, act quickly and deliver for our brokers and their landlord clients. While some may point to obstacles, many landlords are still seeing openings, exploring investment opportunities with the expertise and advice of their broker. As a BTL lender, it’s important we give brokers the necessary tools to facilitate these deals and support the growth of successful property portfolios.”