Landbay reviews landlord product criteria

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  • 02/10/2018
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Landbay reviews landlord product criteria
Landbay has expanded its product criteria, refreshing the proposition for professional landlords.

 

Maximum loan sizes will increase from £1m to £1.5m, with a maximum loan to value (LTV) of 75% including fees, whilst aggregate loans will rise from £2m to £5m.

All products are available from 2 October through Landbay’s approved distributor partners, including the recent additions of Legal and General Mortgage Club, Sesame Network and PMS Mortgage Club.

An online chat function has been introduced for intermediaries, which will allow them to talk directly with the underwriting team about cases.

Managing director of intermediaries at Landbay, Paul Brett, said that these changes will offer a greater offering and flexibility to brokers and their landlords.

He added: “The increased loan size and aggregate loans will allow us to remain competitive and meet the needs of a wider variety of cases. We hope the new-look website is now more informative and accessible for all of our audiences including investors, borrowers and institutions.

“By bringing everything together under one roof we hope to improve the user journey and experience. We have also expanded our online chat function so that brokers can access the information they require with greater ease and efficiency.”

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