Landbay has introduced a brand-new range of non-portfolio buy to let products.

The new range is designed for landlords with three or less mortgaged properties. It includes five-year fixed rate products, available at up to 75% loan-to-value (LTV) and with rates starting from 4.39%.

In addition to the new range, Landbay has also launched two standard five-year products, available at up to 55% LTV. The existing 55% LTV standard five-year range has also been reduced by 0.25%, with rates now starting at 4.44%.

The news follows rate reductions earlier this week across its standard five-year, standard two-year and two-year like-for-like remortgage range by as much as 0.25%. Two-year small HMO/MUFB products also saw a reduction of 0.10%.

Mortgage affordability

Both new and existing product ranges are available for intermediaries to view and compare using its buy-to-let affordability calculator.

Commenting on the launch, Landbay sales and distribution director Rob Stanton said: “According to our latest survey, 45% of landlords with three or less properties are looking to buy properties in the next 12 months, so it’s only right we help our brokers answer this demand.”

He added: “Then following rate reductions earlier this week, we’re thrilled to be able to make further movements across our range, as well as introduce new 55% LTV products. As the market continues to adapt and develop, we’ll keep our ear close to ground and identify opportunities to improve and expand our product range.”