Landbay launches Premier buy-to-let range in Scotland

Buy-to-let lender, Landbay, is launching a number of its Premier range products into Scotland.

Following an initial phased launch, the range of 75% LTV products is now available to the whole of market with all broker firms able to offer standard, like-for-like remortgage, remortgage with a free valuation, and cashback options to landlord clients.

Premier is a range of standard products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers, and features Landbay’s most competitive rates. 

Standard two-year fixed-rate options are available with rates starting from 3.14% (with a 5% fee), up to a zero-fee option at 5.64%. There also product options with 1%, 2% and 3% fees. 

Like-for like remortgage products include a two-year fixed rate - 4.64% with a 2% fee - and a range of five-year fixed rates starting from 4.19% with 5% fee to 5.19% with no fee. Further product options at 1%, 2% and 3% fees are also available.

Landbay is also offering remortgage-only five-year fixes - which come with a free valuation - with rates starting at 4.24% (5% fee) and 5.24% with a zero fee. Again there are product options at different fee levels. 

The lender also has remortgage products offered with a free valuation and £500 cashback. The five-year fixed rates are all offered at the same 5.25% rate with the fixed-fee determined by the maximum loan required. 

Landbay has also announced a range of Scotland-specific criteria such as: the property must be listed on the Scottish Landlord Register; the property must be let on a short assured or private residential tenancy; the tenure must be long lease or owned; freehold flats are allowed; and ex-Local Authority properties above four storeys are now allowed.

Rob Stanton, sales and distribution director at Landbay, said: “Launching our Premier range fully into Scotland is a significant step for us and follows a carefully managed rollout to ensure we are delivering the right products with the right service levels for brokers and their landlord clients. 

“Scotland is a distinct market, with its own legal framework and tenancy structures, and we have taken the time to make sure our criteria, processes and pricing reflect that. By opening this range to the whole of market, we are giving brokers across Scotland access to competitive two and five-year fixes, like-for-like remortgages and cashback options, all supported by a lending approach that understands how landlords operate there.

“Our focus has been on providing choice and clarity. Whether advisers are dealing with straightforward purchases, refinancing existing borrowing, or landlords looking to manage costs with free valuations and cashback, this range offers flexibility across different fee structures and loan sizes. 

“We have also introduced Scotland-specific criteria to give brokers confidence around eligibility from the outset, helping to reduce uncertainty and keep cases moving. For us, this is about backing brokers with landlord clients active in Scotland, delivering products that are well-priced, practical and built around the realities of their market.”