The latest products are added to six recently released two and five-year fixed rate products including those for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) starting at 6.59 per cent. Also included are standard two and five-year fixed rates for small HMOs and MUFBs which are also available with variable fees, rates and loan to value (LTV) amounts.
The limited edition standard five-year fixed products include a 55 per cent LTV at 5.15 per cent with a seven per cent fee. Two at 70 per cent LTV are available with a 5.25 per cent rate and a 6.05 per cent rate with a seven per cent fee and three per cent fee respectively. A 75 per cent LTV standard five year fix is at 6.15 per cent with a three per cent fee.
For large HMOs and MUFBs, a two-year fixed product at 75 per cent LTV has a 6.59 per cent rate with a five per cent fee. A five-year fixed product at 65 per cent LTV has a rate of 6.59 per cent with a five per cent fee and one at 75 per cent LTV has a rate of 6.69 per cent also with a five per cent fee.
The lender has also launched a standard two-year fixed product at 75 per cent LTV with a rate of 5.79 per cent with a five per cent fee, with the five-year fixed alternative being at 6.39 per cent for the same LTV and fee.
A like-for-like two-year fixed remortgage at 75 per cent LTV is offered at 4.69 per cent with a seven per cent fee. A five year fix for a small HMO/MUFB at 70 per cent LTV has a 6.39 per cent rate with a six per cent fee.
Rob Stanton (pictured), business development director at Landbay, said: “Our new limited edition range will appeal to the large number of landlords still looking for the certainty of a fixed rate. Meanwhile, making these products available with our variable fee structure helps brokers respond to ongoing affordability pressures.
“Whether a landlord is looking to maximise their borrowing capacity or minimise product fees, the new range aims to suit differing client appetite and demands. It sits alongside our competitive tracker range to ensure brokers have a full suite of products at their disposal.”
