Landbay adds new HMO and MUFB products to Limited Edition and PT ranges
Buy-to-let lender Landbay has strengthened its popular limited edition range with the addition of four new products for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The four new products are available at up to 75% loan-to-value (LTV) and cover loans between £150,000 and £500,000. They are available as five-year fixed rates and start at 5.09%. The products join the popular limited edition range which was previously expanded to include options for both remortgage and for new purchases too.
Landbay has also announced new additional small HMO/MUFB products will be joining its new product transfer offering. Similarly, these five-year fixed rate products are also available at up to 75% LTV with rates starting at 5.09%.
Since its launch last month, Landbay’s product transfer offering has been in high demand, providing more options for brokers to support landlords refinancing, all while delivering new efficiencies and potential cost savings.
All new products are now live and available using Landbay’s variable fee structure for enhanced affordability. To view and compare all products in the Landbay range, intermediaries can visit the lender’s buy-to-let affordability calculator.
Leading products:
- Limited Edition Small HMO/MUFB 5-year fixed 75% LTV @5.49% with 3% fee
- Limited Edition Small HMO/MUFB 5-year fixed 75% LTV @5.09% with 5% fee
- Product Transfer Small HMO/MUFB 5-year fixed 75% LTV @5.49% with 3% fee
- Product Transfer Small HMO/MUFB 5-year fixed 75% LTV @5.09% with 5% fee
Rob Stanton, sales and distribution director at Landbay, said: “Given the pressures in the residential market and the increasing number of students, transient workers and foreign nationals, demand for multi-unit properties has only continued to grow. As a lender supporting the BTL market, it’s important that we can offer the necessary products to support broker partners and their landlord clients across the country.
“Another important addition to our product transfer proposition further proves our commitment to grow and expand this valuable product range. We’ve been really impressed by the demand we’ve seen so far and I’m sure this will only continue as both brokers and borrowers explore the competitive rates we’re able to offer, as well as the valuable time and cost savings our approach can deliver.”