Landbay has launched a range of two-year and five-year products, available through an automated valuation model.
The new AVM range includes two-year standard options available at up to 75% loan-to-value, with rates starting at 3.74%.
Non-portfolio landlords with three or less mortgaged properties can access five-year standard products. These are available at up to 75% LTV, with rates starting at 4.29%.
All products are available using the lender’s variable fee structure.
The new addition to the range follows a recent rate reduction of up to 0.20% across its standard five-year fixed and small houses of multiple occupancy/multi-unit freehold block ranges.
New AVM range includes:
Two-year standard AVM 75% LTV rates from 3.79%
Two-year standard AVM 70% LTV rates from 3.74%
Five-year non-portfolio standard AVM 75% LTV rates from 4.54%
Five-year non-portfolio standard AVM 70% LTV rates from 4.29%
All products come with a £249 application fee.
Landbay sales and distribution director Rob Stanton says: “This latest launch only further proves our commitment to product innovation, staying close to the market and working collaboratively with funders to deliver a competitive range of products. Through this approach, we remain incredibly agile and able to help our broker clients meet a broad range of landlord requirements.”
Publisher: Source link