Landbay has expanded access to its Premier product range, which is now available to individual landlords as well as limited company special purpose vehicles (SPVs).
The Premier range, which includes 2-year and 5-year fixed rate options with free valuation remortgage and product transfer choices, offers rates starting from 3.39%.
The expansion means individual applicants can now access competitive products previously reserved for SPVs, including Landbay’s like-for-like 2-year fixed rate product, stressed at payrate or 4.5% and available up to 75% loan-to-value (LTV) with a maximum loan size of £2m.
Recent updates to the Premier range include rate reductions, new 2-year fixed rate and like-for-like remortgage options, and a variable fee structure to improve affordability.
Rob Stanton, sales director at Landbay, said: “For brokers looking to support clients outside of limited company SPVs, the news of access to this set of innovative and highly competitive products will be hugely welcome.
“Increasing the scope of our Premier products to include individual applicants reflects their critical role in the rental market mix and our commitment to use every avenue to support brokers and landlords – particularly when it comes to affordability.”
He added: “The Premier products answers every call, whether it’s responding to new investment opportunities with competitive fixed rates or giving landlords the options and breathing space they need as they look to refinance.
“In the process, we give our broker partners more tools at their disposal to support landlords of all sizes and setups.”
