TAB and LandBay

TAB and Landbay update product offerings



581_2021-04-16-03-21-21pm.gif
TAB and Landbay have made new additions to their product offerings.

TAB

TAB has cut rates across its first-charge residential bridging range during March.

The specialist lender’s fixed rates start from 6.99% per annum for up to two years, with a maximum 70% LTV and loan size of £1m.

It does not include any exit fees.

“Our interest rate reduction for the month of March is a token of appreciation for our brokers and borrowers,” said Nick Russell, sales director at TAB. 

“We will continue to deliver the same service to our customers, and we hope that the new rates will add value. 

“These improvements to our residential product offering will provide the short-term lending market with access to the capital they need just in time to benefit from the stamp duty holiday.”

LandBay

LandBay has launched a BTL calculator, aimed at helping intermediaries to advise their clients on the costs of taking out a BTL mortgage with a greater deal of accuracy.

The calculator factors in the specific product, taking into account the type of property and whether the client is an individual or limited company, and gives the interest coverage ratio (ICR) within seconds.

The intermediary then has the option to submit for a DIP.

Paul Brett, managing director of intermediaries at Landbay, said, “More and more intermediaries are using Landbay for the first time, so adding in a highly intuitive, product-specific BTL calculator helps improve their experience.

“We strive to provide better ways to BTL, so we are constantly developing complex tech solutions to make intermediaries’ experience as simple as possible.” 

Leave a comment


Close  ×