Landbay has expanded its lending proposition in Scotland with the launch of 12 new products from its Core range.

The 12 new products include two- and five-year fixed-rate options, available up to 75% LTV, for landlords purchasing or remortgaging standard residential investment properties.

The range includes products available with automated valuation models (AVMs), alongside non-AVM alternatives, and offers a variety of fee structures to suit different borrowing requirements.

Among the new products are core AVM two-year fixed rates starting from 4.74% with a 5% fee, alongside a 5.74% option with a 3% fee.

Five-year core AVM fixed-rates are available from 5.64% with a 6% fee, while a 5.84% option is also available with a 5% fee.

The launch follows Landbay’s introduction of its Premier range into Scotland in March this year and the appointment of Daniel Bell as the lender’s new BDM for Scotland, North Yorkshire and the North East.

Landbay sales and distribution director Rob Stanton says: “Since launching our Premier range into Scotland in March, we have been keen to build on that initial offering and provide advisers with access to more of our products and lending options.”

“The introduction of Core is an important next step in that process, allowing us to support a wider range of landlord borrowers and property finance requirements.”