It also launches new HMO and MUFB products
Specialist buy-to-let lender Landbay has launched a new limited edition range of standard five-year fixed rate products with rates starting at 5.15%.
The new range is available with variable fees, rates, and loan-to-values (LTVs).
The lender has also added new two-year and five-year fixed rate products for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), with rates starting at 6.59%.
New large HMO and MUFB products are available at 65% and 75% LTV, all with a 5% fee.
Landbay also launched new fixed rate products, including standard two-year and five-year fixed rates for small HMOs and MUFBs, and for like-for-like remortgage products.
The standard two-year fix at 75% LTV has a rate of 5.79%, while its five-year counterpart has a rate of 6.39% - both products with a 5% fee.
Our fixed rates are back!
— LANDBAY (@LandbayUK) July 11, 2023
We're pleased to announce that we've re-released our fixed-rate products.
This includes our two and five year fixed rate products as well as our like for like remortgage range.
View our product range here - https://t.co/q7q8JIDBg9 pic.twitter.com/hK3TXlxl2P
The like-for-like remortgage standard two-year fix at 75% LTV has a 4.69% rate and a 7% fee. The small HMO and MUFB five-year fix at 70% LTV has a 6.39% rate and a 6% fee.
Find out the Remortgage rates for 2-year term here.
Mortgage intermediaries can utilise Landbay’s upgraded buy-to-let affordability calculator to view and compare products.
“Our new limited edition range will appeal to the large number of landlords still looking for the certainty of a fixed rate,” commented Rob Stanton (pictured), business development director at Landbay. “Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.
“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range 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.”
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