Landbay unveils buy-to-let range to 75% LTV

1 June 2020 | General

Landbay has launched a product range with loan-to-values up to 75%.

Rates start from 3.39%, while the firm will lend both on large and small houses in multiple occupation (HMOs) of up 12 units, multi-unit freehold blocks (MUFBs) and new build properties.

Paul Brett, managing director of Intermediaries at Landbay, said: “It is good to be able to support our loyal brokers and increase our range of mortgages, particularly with a 75% LTV product which we have received a huge amount of demand for.

“It has been our aim throughout this challenging period to be a supportive force for brokers and to be a steady presence in the market.

“And, due to our diversity of funding we have fortunately been able to continue lending throughout the whole of the last two months.

“This range will now help to give something more to our brokers and their clients, who are keen to remortgage or keep investing in the buy-to-let market.”

Landbay resumed its physical valuations last week and these are now available on all new buy-to-let applications.

This post has originally been featured in Property Wire.