Landbay has launched a limited edition range of remortgage products, adding eight options to its offering.
The range includes standard 5-year fixed-rate products available at up to 70% and 75% loan-to-value (LTV), with starting rates at 4.69%.
The automated valuation model (AVM) supported range was also extended, featuring new standard remortgage 5-year fixed-rate products at up to 65% LTV, also starting from 4.69%.
The lender recently reduced rates by up to 0.15% on its standard 5-year range and small HMO/MUFB products.
Leading limited edition remortgage products include: standard 5-year fixed at 70% LTV, at 4.69% with a 6% fee; standard 5-year fixed at 75% LTV, at 4.89% with a 5% fee; standard 5-year fixed at 75% LTV, at 5.49% with a 2% fee; AVM-supported standard 5-year fixed at 65% LTV, at 4.69% with a 6% Fee; AVM-supported standard 5-year fixed at 65% LTV, at 5.49% with a 2% fee.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “It’s great to be able to hit the market with a set of competitive limited edition products, taking advantage of our AVM technology to help deliver greater efficiencies and cost savings for those landlords looking to remortgage.
“This is following further rate reductions as we capitalise on opportunities to make our range as competitive as possible for brokers and their clients.
“Our activity will help brokers support landlords in both camps – whether they are one of many looking to remortgage, or one of those still looking at properties to purchase.
“While some landlords may choose to sit on their hands, others are responding to a difficult residential market and exploring investment opportunities across the country.
“Either way, Landbay is willing and able to support.”
