The specialist lender is allowing first-time buyers to apply for a buy-to-let mortgage from Landbay if they are employed and earning a minimum income of £85,000.

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Lending is available through Landbay’s approved distributor partners:

• 3MC
• Active Investments
• AToM
• Brightstar
• Brilliant Solutions
• Buy to Let Club
• Complete FS
• Connect Mortgages
• Manor Mortgage Solutions
• Mortgages for Business
• Platinum Options
• Positive Lending
• TBMC
• TFC Homeloans
• Vantage Finance

Paul Brett, managing director of intermediaries at Landbay (pictured above), said it was a responsible yet flexible, forward-thinking lender always looking at new ways to open up access to aspiring landlords.

“The introduction of buy-to-let mortgages for first-time buyers will now give people in a higher income bracket an opportunity to purchase a property and rent it out as a credible investment.

“We are constantly listening to our intermediary partners and to the requirements of the market.

“The last few years have been something of a policy rollercoaster for the buy-to-let market, causing some smaller landlords to exit the market altogether.

“However, ultimately tenant demand shows no sign of letting up, and new landlords are continuing to enter the market despite the more punitive tax regime.

“It’s essential, therefore, that we help to support a well-served market.”