Landbay launches new non-portfolio buy-to-let range

Buy-to-let lender Landbay has launched a new range of non-portfolio products, alongside making further rate reductions and launching new products.

The new non-portfolio product range is designed for landlords with three or less mortgaged properties. It includes five-year fixed rate products available up to 75% LTV with rates starting from 4.39%.

In addition to the new range, Landbay has also launched two new standard five-year products, available up to 55% LTV, with rates starting from 5.24%. The existing 55% LTV standard five-year range has also been reduced by 0.25%, with rates now starting at 4.44%.

The news follows rate reductions earlier this week across its standard five-year, standard two-year and two-year like-for-like remortgage range by up to 0.25%. Two-year small HMO/MUFB products also saw a reduction of 0.10%.

Rob Stanton, sales and distribution director at Landbay, said: “We are always looking to make our range as broad as possible to help our broker clients meet needs across their client base. Introducing our new non-portfolio range only proves this point, helping brokers best support those smaller landlords through a competitive range of products. According to our latest survey, 45% of landlords with three or less properties are looking to buy properties in the next 12 months, so it’s only right we help our brokers answer this demand.

“Then following rate reductions earlier this week, we’re thrilled to be able to make further movements across our range, as well as introduce new 55% LTV products. As the market continues to adapt and develop, we’ll keep our ear close to ground and identify opportunities to improve and expand our product range.”