Buy-to-let (BTL) lender Landbay has strengthened its product offering with a range of non-portfolio products, while making further rate reductions and product additions.
The non-portfolio product range was designed for landlords with three or fewer mortgaged properties.
It includes 5-year fixed rate products, available at up to 75% loan-to-value (LTV) and with rates starting from 4.39%.
In addition, Landbay has launched two standard 5-year products, available at up to 55% LTV.
The existing 55% LTV standard 5-year range has been reduced by 0.25%, with rates now starting at 4.44%.
The news followed rate reductions earlier this week across Landbay’s standard 5-year, standard 2-year and 2-year like-for-like remortgage range by up to 0.25%.
Rob Stanton, sales and distribution director at Landbay, said: “We are always looking to make our range as broad as possible to help our broker clients meet needs across their client base.
“Introducing our new non-portfolio range only proves this point, helping brokers best support those smaller landlords through a competitive range of products.
“According to our latest survey, 45% of landlords with three or less properties are looking to buy properties in the next 12 months, so it’s only right we help our brokers answer this demand.
“Then following rate reductions earlier this week, we’re thrilled to be able to make further movements across our range, as well as introduce new 55% LTV products.
“As the market continues to adapt and develop, we’ll keep our ear close to ground and identify opportunities to improve and expand our product range.”
