Buy-to-let lender, Landbay, has added new small HMO and remortgage AVM products to its Premier range, also including new small HMO product transfer options for existing borrowers.
Premier is a range of products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers, and features some of Landbay’s most competitive rates.
Landbay has launched new two and five-year fixed rate options, available up to 75% LTV with various percentage fee options.
In its small HMO range, two-year fixes are available at 5.59% with a 1% fee and 4.59% with a 3% fee, with five-year fixes from 5.49% with a 1% fee, 5.09% with a 3% fee, and 4.69% with a 5% fee.
For small HMO product transfers, two-year fixes have launched at 5.64% with a 1% fee and 4.64% with a 3% fee, with five-year equivalents at 5.54% and 5.14%.
New remortgage AVM five-year fixes are also available up to 75% LTV and cover four different variable fee options: 5.24% (1% fee), 5.04% (2% fee), 4.84% (3% fee) and 4.44% (5% fee).
The introduction of AVMs and HMOs to the Premier range follows its launch into Scotland earlier this month.
Rob Stanton (pictured), sales and distribution director at Landbay, said: “We appreciate that there has been a significant degree of upheaval within the buy-to-let sector over the last couple of weeks and unfortunately that looks unlikely to change within the short-term. However, what we are trying to do at Landbay is manage our existing range with new additions which will support advisers and their landlord clients across a wider array of product options.
“Following our recent expansion into Scotland, we are pleased to bring small HMO and remortgage AVM options into our Premier range. These additions give advisers more ways to support purchase, remortgage and existing borrower activity, particularly where speed and certainty are key.
“Whether it is helping landlords with more complex property types such as HMOs, or streamlining the valuation process through AVMs, these products are designed to provide practical solutions and support ongoing investment across the private rental sector.”
