Buy-to-let lender Landbay has launched a product transfer option aimed at buy-to-let landlords.
The service is fully digital and automated, improving efficiency for brokers and their landlord clients.
It aims to remove legal costs and provides options for both automated and RICS valuations, helping landlords avoid valuation fees.
Landlords with houses in multiple occupation (HMOs) or multi-unit freehold blocks (MUFBs), can also use the product transfer option.
Rob Stanton, sales and distribution director at Landbay, said: “With the help of our broad funding model, our in-house technology and our talented team, we are thrilled to be launching a product transfer proposition for our brokers and their landlord clients.
“It’s a tremendous opportunity for us to better look after our existing clients while helping our brokers expand their toolkit and provide their clients with more options.”
Stanton added: “We are always looking at how we can improve our range to not only drive new efficiencies, but to help brokers stay competitive and answer the demands of the market.
“Timing is absolutely everything in the buy-to-let market, particularly for those looking to refinance.
“This new addition not only streamlines this process but provides greater convenience and potential cost savings, which will be most welcome given the current market landscape.”
He said: “It’s important to note that this launch is just the beginning.
“As to be expected from Landbay, we will continue to develop and expand this proposition as soon as the opportunity presents itself, ensuring it delivers as much value as possible.”
