Landbay has launched a range of two-year and five-year products, available through an automated valuation model.

The new AVM range includes two-year standard options available at up to 75% loan-to-value, with rates starting at 3.74%.

Non-portfolio landlords with three or less mortgaged properties can access five-year standard products. These are available at up to 75% LTV, with rates starting at 4.29%.

All products are available using the lender’s variable fee structure.

The new addition to the range follows a recent rate reduction of up to 0.20% across its standard five-year fixed and small houses of multiple occupancy/multi-unit freehold block ranges.

New AVM range includes: Two-year standard AVM 75% LTV rates from 3.79% Two-year standard AVM 70% LTV rates from 3.74% Five-year non-portfolio standard AVM 75% LTV rates from 4.54% Five-year non-portfolio standard AVM 70% LTV rates from 4.29%

All products come with a £249 application fee.

Landbay sales and distribution director Rob Stanton says: “This latest launch only further proves our commitment to product innovation, staying close to the market and working collaboratively with funders to deliver a competitive range of products. Through this approach, we remain incredibly agile and able to help our broker clients meet a broad range of landlord requirements.”