Landbay adds product transfers to Summer Special range

Buy-to-let lender Landbay has extended its Summer Special standard product range, introducing five new product transfer options and lowering rates across selected fixed-term products.

The new product transfer products are available up to 75% loan-to-value (LTV), with rates beginning at 4.29% for both two-year and five-year fixed terms.

Landbay has also implemented rate reductions of up to 0.10% across its Summer Special two- and five-year fixed rate offerings. These products are also available at up to 75% LTV and cater to standard properties with loan sizes between £30,000 and £2 million.

All products in the Summer Special range are available exclusively to limited companies (SPVs). The lender’s variable fee structure is also available, aimed at supporting enhanced affordability. Intermediaries can access Landbay’s buy-to-let affordability calculator to compare product details.

New Summer Special products include:

Product transfer standard 5-year fixed at 75% LTV with a 5% fee, priced at 4.29%

Product transfer standard 5-year fixed at 75% LTV with a 2% fee, priced at 4.89%

Product transfer standard 2-year fixed at 75% LTV with a 3% fee, priced at 4.29%

Product transfer standard 2-year fixed at 75% LTV with a 2% fee, priced at 4.79%

Standard 2-year fixed at 75% LTV with a 3% fee, priced at 4.29%

Standard 5-year fixed at 75% LTV with a 5% fee, priced at 4.29%

“Since launch, our product transfer proposition has proven incredibly popular among landlords looking for an efficient and cost-effective way to refinance,” said Rob Stanton, sales and distribution director at Landbay. “Now, we bring these fantastic options to our new Summer Special range and strengthen what is already a competitive and hugely attractive suite of products. Adding in a rate reduction further sweetens the deal and reflects our commitment to jump on opportunities as soon as they present themselves.”

“The combination of our broad funding model, powerful technology and in-house expertise means we can continue to prioritise product choice, speed and agility to deliver for brokers and their landlord clients across the country,” Stanton added.