Landbay increases LTV and loan amounts for AVM products

Buy-to-let lender, Landbay, has strengthened its limited edition range of AVM products, increasing both the maximum LTV and loan amount.

The limited edition AVM range consists of four standard five-year fixed rate products, with rates starting at 4.59%. Across all four products, the maximum LTV available has increased from 65%, with 70% and 75% LTV now available.

The maximum loan amount has also been increased by 15%, with loans now available up to £562,500 – an increase from £487,500. The AVM range starts with loan sizes from from £75,000. 

The AVM range forms part of a larger limited edition range, which is suitable for both purchase and remortgage. The range benefits from Landbay’s variable fee structure for enhanced affordability.

Rob Stanton (pictured), sales and distribution director at Landbay, said: “Thanks to the time and cost savings they offer, our AVM-supported products remain one of our most popular options. Increasing both our maximum LTV and loan amount makes these products in our limited edition range even more desirable and accessible to more landlords across the country.

“Combine this with the recent launch of our Summer Special range – which now includes product transfer options – and it’s a great example of our ethos at Landbay. Whether it’s launching new products or improving existing lines, we will do so as soon as the opportunity presents itself to ensure we are supporting brokers and their landlords clients with the most broad and competitive product range as possible.”