Buy To Let lender woos landlords with ‘Summer Special’ offer

Specialist buy to let lender Landbay has launched a new Summer Special range with rate reductions of as much as 0.44% compared to existing product lines.

This adds five new products to the lender’s line-up, including three new five-year fixed rate products – available at up to 75% loan-to-value (LTV), and with rates starting at 4.35%. 

The remaining two new products are two-year fixed rates – also available at up to 75% LTV and with rates starting at 4.39%.

Lindsay claims this marks “a significant rate reduction” compared to current products, with the new two-year products seeing a 0.30% improvement, while five-year rates improve by 0.44%.

All products are suitable for standard properties and for loans ranging from £30,000, up to £2 million. Landlords can also take advantage of Landbay’s variable fee structure for enhanced affordability.

Summer Special products:

• Standard 5 year fixed – up to 75% LTV 5% fee @ 4.35%
• Standard 5 year fixed – up to 75% LTV 3% fee @ 4.75%
• Standard 5 year fixed – up to 75% LTV 2% fee @ 4.95%

• Standard 2 year fixed – up to 75% LTV 3% fee @ 4.39%
• Standard 2 year fixed – up to 75% LTV 2% fee @ 4.89%

A spokesperson says:“These five new products are highly accessible, competitively priced and a strong addition to our product offering. It is a fantastic testament to the strength of our tech-first approach, which enables us to identify opportunities, act quickly and deliver for our brokers and their landlord clients. 

“While some may point to obstacles, many landlords are still seeing openings, exploring investment opportunities with the expertise and advice of their broker. As a BTL lender, it’s important we give brokers the ne

This article is taken from Landlord Today