Landbay introduces 75% LTVs

Landbay introduces 75% LTVs

Landbay has launched a new product range with LTVs up to 75% and rates from 3.39%.

It will lend on both small and large HMOs of up to 12 units, MUFBs and new build properties.

The BTL lender will continue to offer its lifetime tracker rate with no early redemption charges.

Landbay recently resumed physical valuations, and these are now available on BTL applications.

It is also working through its pipeline of loan applications received during lockdown.

All new applications will utilise the company’s instant decision in principle — a process that takes two minutes from start to finish — which was launched at the end of March.

Paul Brett, managing director of intermediaries at Landbay, said: “It is good to be able to support our loyal brokers and increase our range of mortgages, particularly with a 75% LTV product which we have received a huge amount of demand for. 

“It has been our aim throughout this challenging period to be a supportive force for brokers and to be a steady presence in the market. 

“…Due to our diversity of funding, we have fortunately been able to continue lending throughout the whole of the last two months.

“This range will now help to give something more to our brokers and their clients, who are keen to remortgage or keep investing in the BTL market.”

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