Landbay has launched a new buy-to-let mortgage product for a limited time. 

The product, which includes a free valuation for standard properties valued up to £400,000, is available now. 

The five-year fixed rate deal is offered at 3.39% at up to 75% loan-to-value (LTV) for loans up to 300,000, subject to a 1.5% product arrangement fee.

The product will be available to buy-to-let landlords via intermediaries using either Landbay’s Packager partners or their extensive panel of networks or mortgage clubs, including recent additions such as The Financial Intermediary & Broker Association (FIBA) and Mortgage Intelligence.

Paul Brett, managing director of intermediaries at Landbay, commented: “We are committed to remaining as competitive as possible in an ever more specialist buy-to-let market. 

“We’re delighted to launch a product that will directly meet the needs of landlords, and in turn support their brokers working in the private rental sector. 

“This is just the start of a suite of offerings we expect to make in 2020, allowing us to significantly grow our lending operation in the year ahead.”