Landbay, HTB and Shawbrook revise BTL ranges



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Hampshire Trust Bank (HTB), Shawbrook Bank and Landbay have announced changes to their specialist BTL suites.

HTB

HTB has refreshed its BTL product range for lending up to £5m.

Its two-year fixed-rate options are now priced at 3.84% at up to 65% LTV, 3.99% at up to 70% LTV, and 4.09% at up to 75% LTV. 

Meanwhile, the five-year fixes are available at 3.99%, 4.14%, and 4.19% at up to 60%, 70% and 75% LTV, respectively.

Marcus Dussard, sales director at HTB Specialist Mortgages, said: “We closely monitor lending and market conditions to offer competitive service and products to ensure our brokers have access to the most competitive propositions we have to offer. 

“Being ready, willing and able to lend during all market cycles has meant we have continued to innovate and grow our capability to support the market at a time when landlords have needed us most.

Our recently launched broker portal, PUMA for Intermediaries, gives brokers the ability to submit new applications, upload documents, and track cases online. 

“Feedback has been incredible and I’m looking forward to being able to announce more new initiatives soon.”  

Shawbrook Bank

Shawbrook Bank has introduced a new product exclusively available via its recently launched digital portal, MyShawbrook BTL, and has reduced rates by up to 0.6 percentage points across its BTL range on mortgages up to £1m.

The new ‘non-portfolio’ offering is designed to complement the new system and support cases that will benefit most from the automation features of the technology. 

It is priced at 3.69% at up to 75% LTV, and available to non-portfolio landlords with single-dwelling applications and who must qualify for and proceed with an AVM.

It aims to provide a competitive rate for BTL customers with straightforward requirements, allowing the lender’s specialist underwriting team to focus on more complex cases. 

Emma Cox, sales director at Shawbrook, said: “This product has been designed to work in harmony with our new digital portal. 

“Cases that meet the product’s eligibility criteria should sail through the new system with minimal manual intervention, freeing up our expert teams to concentrate on the more complex cases that make us specialists; in turn, this will improve the experience for all our BTL customers.

“I hope this, coupled with more competitive rates across our offering, sends a clear signal of our continued support and commitment to the market.”  

The portal streamlines the entire BTL application process for Shawbrook’s brokers and customers. 

Available for all types of cases, MyShawbrook BTL offers instant indicative mortgage offers, including AVMs (where applicable), and integrates with third parties to provide quicker and more consistent credit decisions.

Landbay

Landbay has cut rates across its special edition BTL range and has added two new green mortgage options.

For standard BTL properties, the lender is now offering its two-year fixed-rate 70% LTV loan at 2.79%, while the five-year fixes have been trimmed to 2.89% at 50% LTV and 2.99% at 70% LTV.

The small HMO offering for properties up to six bedrooms has also seen rate cuts, with both 70% LTV products now available at 2.89% for a two-year fix or 3.14% on a five-year fixed term.

Meanwhile, the two five-year fixed-rate green products, offered at 70% LTV, are priced at 2.89% for properties with an EPC rating of A or B, and 2.94% for C-rated homes.

Paul Brett, managing director for intermediaries at Landbay, said: “All bar one of the rates in our rejigged special edition range are below 3%. 

“This follows on from the rate reductions across our core range announced last month.

“The interest we have received in our core green mortgage range, which we launched in June, led us to introduce green products into our special edition range. 

“We are always keen to provide more choice, as well as competitive products, for our broker partners and their landlord clients.”

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