Landbay has increased both the maximum loan-to-value (LTV) and loan amount on its limited edition range of automated valuation model (AVM) products.
The limited edition AVM range consists of four standard 5-year fixed rate products, with rates starting at 4.59%.
Across all four products, the maximum LTV available has increased from 65%, with 70% and 75% LTV now available.
The maximum loan amount has also been increased by 15%, with loans now available up to £562,500 – an increase from £487,500.
The AVM range starts with loan sizes from as low as £75,000.
The AVM range forms part of a larger Limited Edition range, which is suitable for both purchases and for landlords looking to remortgage.
The range benefits from Landbay’s variable fee structure for enhanced affordability.
All of Landbay’s products are available for intermediaries to view and compare using the lender’s buy-to-let affordability calculator.
Specific offers include a limited edition AVM Standard 5-year fixed 70% LTV wit 6% fee at 4.59% and a limited edition AVM standard 5-year fixed 75% LTV with 5% fee at 4.79%.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “Thanks to the time and cost savings they offer, our AVM-supported products remain one of our most popular options. Increasing both our maximum LTV and loan amount makes these products in our Limited Edition range even more desirable and accessible to more landlords across the country.
“Combine this with the recent launch of our Summer Special range – which now includes product transfer options – and it’s a great example of our ethos at Landbay.
“Whether it’s launching new products or improving existing lines, we will do so as soon as the opportunity presents itself to ensure we are supporting brokers and their landlords clients with the most broad and competitive product range as possible.”
