Landbay has launched two new Premier like-for-like products aimed at improving landlord affordability.
The lender brought in a Premier like-for-like 2-year fixed rate remortgage at 4.49% with a maximum 75% loan-to-value (LTV) and a 2% fee.
There is also a product transfer option for existing customers, which is a 2-year fixed rate at 4.54% with the same maximum LTV and fee.
Both products have a minimum loan size of £30,000 and a maximum of £2m.
Stress testing is set at pay rate or 4.50%, whichever is higher.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “These new Premier Like-for-Like products are a direct response to the ongoing challenges landlords face in today’s market – particularly around affordability.
“By introducing these competitive 2-year fixes, we’re providing further help with affordability.
“This not only gives landlords much-needed breathing space when remortgaging but also equips our broker partners with a stronger toolkit to secure deals efficiently.”
Stanton added: “We’re thrilled to expand our like-for-like range. The standard fixed-rate product offers flexibility for new remortgages, while the product transfer variant streamlines the process for existing customers.
“In a sector where remortgage volumes are expected to remain elevated—with billions in buy-to-let mortgages maturing soon—these launches highlight our focus on innovation and responding to the market.
“Ultimately, these products are designed to support the increase in demand for 2-year fixed rate products, empowering landlords to make informed decisions without the pressure of extended lock-ins.”
He said: “We’re committed to evolving our offerings based on real market insights, and we encourage intermediaries to use our buy-to-let affordability calculator to explore how these fit their clients’ needs.”
