Specialist lender Landbay has added four new limited edition products for small HMOs and multi-unit freehold blocks (MUFBs).
They are available at up to 75% loan-to-value and cover loans between £150,000 and £500,000. They are available as 5-year fixed rates and start at 5.09%.
The products join the lender’s existing limited edition range which was previously expanded to include options for both remortgage and for new purchases.
Landbay has also announced new additional small HMO and MUFB products will be joining its new product transfer offering. These five-year fixed rate products are also available at up to 75% LTV with rates starting at 5.09%.
The lender’s sales director, Rob Stanton, says: “Given the pressures in the residential market and the increasing number of students, transient workers and foreign nationals, demand for multi-unit properties has only continued to grow.
“As a lender supporting the buy-to-let market, it’s important that we can offer the necessary products to support broker partners and their landlord clients across the country.
“Another important addition to our product transfer proposition further proves our commitment to grow and expand this valuable product range.
“We’ve been really impressed by the demand we’ve seen so far and I’m sure this will only continue as both brokers and borrowers explore the competitive rates we’re able to offer, as well as the valuable time and cost savings our approach can deliver.”
This article is taken from Landlord Today