Landbay unveils buy-to-lets

4 November 2020 | General

Landbay has launched two 5-year fixed rate buy-to-let products at 3.55% to 75% LTV.

One product has a maximum loan size of £525,000 on properties up to £700,000, while the other has a maximum loan size of £1m.

Paul Brett, managing director of intermediaries at Landbay, said: “It is a testament to Landbay’s confidence in the buy-to-let market that we can continue to lower our interest rates once again.

“This will be very welcome news to intermediaries as it will help their clients to make the most of the burgeoning buy-to-let market.

“There is still strong demand from professional landlords who are taking advantage of the savings from the stamp duty holiday to increase their portfolios.”

He added: “The recent Bank of England statistics showed the housing market is hitting heights not seen since 2007 and buy-to-let properties are amongst some of the most solid investments available at the moment.

“Therefore, these new products, combined with our recent complete product refresh, two-minute DiP, free valuations and free title insurance, we expect to be a real help to intermediaries and their clients who are rushing to buy before the end of the stamp duty holiday.”

This post has originally been featured in Property Wire.