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TODAY'S OTHER NEWS

Landbay refreshes its range for professional landlords and cuts rates

Landbay has revamped its range of buy-to-let mortgage products for professional landlords and reduced rates in a bid to win more business.

The buy-to-let mortgage marketplace lender has reduced its rates by up to 0.6% and cut fees by up to 0.5%.

Landbay’s fixed and tracker products across standard properties, small and large HMOs/multi-units, and expat lending are available to all buy-to-let landlords via their brokers, as well as accessible through Landbay’s network and club partners.

Landbay is also launching an exclusive lending update for its packager partners, available at up to £2m.

The changes follow the increase of the maximum loan term earlier this year from 25 to 30 years.

Landbay’s managing director of intermediaries, Paul Brett, commented: “In the ever changing world of buy-to-let, brokers and landlords alike need access to a wider offering and more flexibility than ever before.

“Landbay prides itself on putting its intermediary partners front and centre, attending broker events around the country to ensure we’re meeting the requirements of the market.

“This product revamp is designed to help brokers support more of their landlord clients. The increased loan size and reduced rates will ensure we remain competitive in the market. This is especially the case in more unusual cases, which are becoming ever more commonplace in the specialist world of buy-to-let.”

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