Landbay adds new HMO and MUFB products

The four new products from the buy-to-let lender are available at up to 75% loan-to-value (LTV) and cover loans between £150,000 and £500,000. They are available as five-year fixed rates at 5.09% for the products with a 5% fee and 5.39% for those with a 3% fee.

The products join the lender's 'limited edition' range as well as the product transfer offering, launched last month.

All new products are now live and available using Landbay’s variable fee structure.

Rob Stanton, sales and distribution director at Landbay, said:

“Given the pressures in the residential market and the increasing number of students, transient workers and foreign nationals, demand for multi-unit properties has only continued to grow. As a lender supporting the BTL market, it’s important that we can offer the necessary products to support broker partners and their landlord clients across the country.

“Another important addition to our product transfer proposition further proves our commitment to grow and expand this valuable product range. We’ve been really impressed by the demand we’ve seen so far and I’m sure this will only continue as both brokers and borrowers explore the competitive rates we’re able to offer, as well as the valuable time and cost savings our approach can deliver.”