Specialist buy-to-let lender, Landbay, has launched an exclusive range of 18 standard 5-year fixed-rate products with rates commencing at 5.15%.
To cater to large Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs), Landbay has supplemented its portfolio with six additional 2-year and 5-year fixed-rate products, offering rates from 6.59%.
The lender’s latest collection also includes new fixed-rate offerings comprising standard 2- and 5-year fixed rates for small HMOs/MUFBs, along with like-for-like remortgage products.
Landbay’s new limited-edition series will provide customers with flexible fee structures, various rates, and loan-to-value (LTV) ratios.
Notable offerings include the Limited Edition Standard 5-year fixed products at 55% LTV with 5.15% interest rate and a 7% fee, 70% LTV with 5.25% interest rate and a 7% fee, 70% LTV with 6.05% interest rate and a 3% fee, and 75% LTV with 6.15% interest rate and a 3% fee.
Significant additions for large HMOs/MUFBs include the 2-year fix at 75% LTV with a 6.59% interest rate and a 5% fee, 5-year fix at 65% LTV with a 6.59% interest rate and a 5% fee, and 5-year fix at 75% LTV with a 6.69% interest rate and a 5% fee.
Further, the new fixed-rate products include the Standard 2-year fixed at 75% LTV with a 5.79% interest rate and a 5% fee, 5-year fixed at 75% LTV with a 6.39% interest rate and a 5% fee, Like for Like Remortgage Standard 2-year fixed at 75% LTV (Gross) with a 4.69% interest rate and a 7% fee, and Small HMO/MUFB 5-year fixed at 70% LTV with a 6.39% interest rate and a 6% fee.
Rob Stanton (pictured), business development director at Landbay, said: “Our new limited edition range will appeal to the large number of landlords still looking for the certainty of a fixed rate.
“Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.”
