Landbay has partnered with digital conveyancing firm Conveyd to launch a range of remortgage products, including assisted legals and a free valuation.
Designed to assist brokers advising landlord borrowers with straightforward remortgage cases, the buy-to-let lender said the new assisted legals range would help reduce clients' upfront costs and deliver a faster process through to completion.
Conveyd is a UK tech company seeking to reinvent conveyancing through the use of AI and deep domain expertise. Borrowers opting for these products will benefit from Conveyd owning the process end-to-end, working closely with the instructed conveyancer to progress the matter through to completion.
Available across five-year fixed rates, with fee levels between £999 and £1,999 depending on loan size, the remortgage-only buy-to-let products are available up to 75% LTV with rates from 5.09%.
These five-year fixes also come with a free valuation and are available on loan sizes from £30,000 up to £750,000, up to a maximum property value of £1.5m.
The Landbay Premier range offers standard buy-to-let products for landlords with up to 15 properties, available to both individual and limited company landlord borrowers, and featuring some of the lender's most competitive rates.
"Remortgage activity remains a major focus for landlord borrowers and brokers, and we know that speed, cost and certainty all matter within this context," said Rob Stanton, sales and distribution director at Landbay (pictured).
"Our new five-year fixes with assisted legals and free valuations are therefore designed to take pressure out of the process, reduce upfront costs for clients, and help brokers move cases through the process smoothly. Working with the digital conveyancing experts at Conveyd allows us to bring together strong pricing, as part of the Premier range, with a more joined-up legal process."
"All standard conveyancing costs are covered by these products, significantly reducing the costs for a borrower during a remortgage. For straightforward cases, this means fewer delays, clearer communication, and a better overall experience for all stakeholders."
Manasi Kulkarni, chief executive of Conveyd, added her thoughts on the partnership. "We're incredibly excited to partner with a like-minded, digital-first lender who shares our vision for the future of home transactions," she said. "The collaboration with Landbay has been fantastic so far; we are learning from every case, listening closely to feedback, and working together to deliver the best possible experience for customers."
