Landbay has launched a number of its Premier range products into Scotland, following a successful initial phased launched.
The range of 75% LTV products is now available to the whole of market with all broker firms able to offer standard, like-for-like remortgage, remortgage with a free valuation, and remortgage with a free valuation and cashback options to landlord clients.
Standard two-year fixed-rate options are available with rates starting from 3.14% (with a 5% fee), up to a zero-fee option at 5.64% There also product options with 1%, 2% and 3% fees.
Like-for like remortgage products cover a two-year fixed-rate at 4.64% with a 2% fee and a range of five-year fixed rates with rates starting at 4.19% (5% fee) to 5.19% with a zero fee.
Further product options at 1%, 2% and 3% fees are also available.
Landbay is also offering remortgage-only, five-year fixed-rate products, which come with a free valuation, with rates starting at 4.24% (5% fee) and 5.24% with a zero fee.
The lender also has remortgage products, offered with a free valuation and £500 cashback.
The five-year fixed-rates are all offered at the same 5.25% rate with the fixed-fee determined by the maximum loan required.
Landbay has also announced a range of Scotland-specific criteria.
Landbay sales and distribution director Rob Stanton says: “Launching our Premier range fully into Scotland is a significant step for us and follows a carefully managed rollout to ensure we are delivering the right products with the right service levels for brokers and their landlord clients.
“Scotland is a distinct market, with its own legal framework and tenancy structures, and we have taken the time to make sure our criteria, processes and pricing reflect that.”
“By opening this range to the whole of market, we are giving brokers across Scotland access to competitive two- and five-year fixes, like-for-like remortgages and cashback options, all supported by a lending approach that understands how landlords operate there.”