Landbay introduces limited edition BTL product includ...

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.”

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.