Landbay has introduced new small HMO and remortgage automated valuation model products to its Premier range, including a new small HMO product transfer (PT) options for existing borrowers.
The buy-to-let lender has launched new two- and five-year fixed rate options, available up to 75% loan-to-value (LTV) and at various percentage fee options, for both its Small HMO and PT Small HMO within Premier.
These include small HMO two-year fixes available at 5.59% (1% fee) and 4.59% (3% fee) and five-year fixes available at 5.49% (1% fee), 5.09% (3% fee) and 4.69% (5% fee).
In addition, the lender has added product transfer small HMO two-year fixes available at 5.64% (1% fee) and 4.64% (3% fee) and five-year fixes available at 5.54% (1% fee) and 5.14% (3% fee).
The new remortgage AVM five-year fixes, also available up to 75% LTV, cover four different variable fee options: 5.24% (1% fee), 5.04% (2% fee), 4.84% (3% fee) and 4.44% (5% fee).
Landbay sales and distribution director Rob Stanton says: “We appreciate that there has been a significant degree of upheaval within the buy-to-let sector over the last couple of weeks and unfortunately that looks unlikely to change within the short-term.”
“However, what we are trying to do at Landbay is manage our existing range with new additions which will support advisers and their landlord clients across a wider array of product options.”
“Following our recent expansion into Scotland, we are pleased to bring Small HMO and Remortgage AVM options into our Premier range.”
“These additions give advisers more ways to support purchase, remortgage and existing borrower activity, particularly where speed and certainty are key.”
