Landbay enhance limited edition BTL remortgage range

According to the lender, the rates on four of the five products have been reduced by five basis points and the minimum loan value has decreased to £200,000 from £250,000. The maximum loan value for this particular product range remains at £500,000.

LTVs are either 65% or 75% with a free valuation option on the standard remortgage products. The refreshed limited edition range also caters for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) of up to six bedrooms or units.

· Standard - 5 year – 65% LTV – 2.94% (was 2.94%) 1.5% fee

· Standard - 5 year – 75% LTV – 3.04% (was 3.09%) 1.5% fee

· Standard - 5 year – 75% LTV – 3.04% (was 3.09%) 1.75% fee with free valuation

· Small HMO - 5 year – 75% LTV – 3.29% (was 3.34%) 1.5%

· Small MUFB - 5 year – 75% LTV – 3.29% (was 3.34%) 1.5%

Paul Brett, (pictured) managing director, intermediaries at Landbay, commented:

“Following the initial limited edition launch a month ago, we’ve responded to feedback from the market, by lowering the minimum loan size, reduced rates by up to 5 basis points as well as now offering a £500 cashback.”