Landbay launches new limited edition range of fixed rate products
13 July 2023
Landbay has launched a new limited edition range of 18 standard five-year fixed rate products with rates starting at 5.15%.
The specialist buy-to-let 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 including 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.
Product highlights include:
New limited edition standard 5 year fixed products:
• Limited Edition Standard 5 Year Fixed 55% LTV 5.15% 7% Fee
• Limited Edition Standard 5 Year Fixed 70% LTV 5.25% 7% Fee
• Limited Edition Standard 5 Year Fixed 70% LTV 6.05% 3% Fee
• Limited Edition Standard 5 Year Fixed 75% LTV 6.15% 3% Fee
New large HMO/MUFB products:
• Large HMO/MUFB 2 Year Fix 75% LTV 6.59% 5% Fee
• Large HMO/MUFB 5 Year Fix 65% LTV 6.59% 5% Fee
• Large HMO/MUFB 5 Year Fix 75% LTV 6.69% 5% Fee
New fixed rate products:
• Standard 2 Year Fixed 75% LTV 5.79% 5% Fee
• Standard 5 Year Fixed 75% LTV 6.39% 5% Fee
• Like for Like Remortgage Standard 2 Year Fixed 75% LTV (Gross) 4.69% 7% Fee
• Small HMO/MUFB 5 Year Fixed 70% LTV 6.39% 6% Fee
Rob Stanton, business development director at Landbay, said: “Our new limited edition range will appeal to the large number of landlords still looking for the certainty of a fixed rate. 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.”
Intermediaries can utilise Landbay’s upgraded buy-to-let affordability calculator to view and compare products.
