Landbay has launched two new ‘large loan’ buy-to-let products with up to £2m available to borrow, up from £1.5m.

Both of the new products are available on 2- and 5-year fixes, at 65 per LTV, with rates of 3.35 per cent and 3.55 per cent respectively.

The lender now has funding for its buy-to-let mortgages from three different streams: An investment bank sponsored securitisation programme; from a deposit taking bank; and now an international multi-billion dollar asset manager.

Landbay managing director of intermediaries Paul Brett says: “The higher £2m loan threshold will be music to the ears of intermediaries whose clients are looking for larger properties in more expensive areas. These new ‘large loan’ products complement the rest of the product range and thanks to our new funder, will allow Landbay to support more intermediaries and their clients.

“Overall, the buy-to-let market remains robust with recent reports showing increases in rents across the UK, particularly in rural areas. As the housing ladder still is inaccessible for many people, the rental market remains a solid investment.”