Landbay issues two new products | Mortgage Strategy

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Buy-to-let let lender Landbay has brought out two new products.

Both are available at up to 75 per cent LTV and come as five-year fixes, both set at 3.55 per cent.

The first has a maximum loan size of £525,000 on properties up to £700,000 and comes with a free valuation and the second allows a maximum loan size of £1m.

During October, Landbay announced that it is offering free title indemnity insurance on qualifying buy-to-let remortgage deals.

Landbay managing director of intermediaries Paul Brett says: “It is a testament to Landbay’s confidence in the BTL market that we can continue to lower our interest rates once again.

“This will be very welcome news to intermediaries as it will help their clients to make the most of the burgeoning BTL market.

“There is still strong demand from professional landlords who are taking advantage of the savings from the stamp duty holiday to increase their portfolios.”


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