Landbay has partnered with an AI-enabled conveyancing company to launch a new range of five-year fixed buy-to-let remortgage deals, with free legal insurance and valuations.
Conveyd uses artificial intelligence alongside human technical expertise with the aim of speeding up the process.
Designed to reduce upfront costs for landlords with simple remortgage cases, Landbay’s new range starts from 5.09% up to 75% loan-to-value.
The costs are differentiated depending on the loan size, from £999 to £1,999.
The range includes loans between £30,000 and £750,000 with a maximum property value of £1.5 million.
The products are available to landlords with up to 15 properties, including landlords who lend in their personal name and landlords who lend through a limited company.
Rob Stanton, Landbay sales and distribution director, said: “Mortgage refinancing remains a key focus for borrowers and landlord agents, and we know that speed, cost and security all matter in this context.
“Our new five-year solutions with legal assistance and free valuations are therefore intended to take the pressure out of the process, reduce upfront costs for clients and help brokers move things through the process smoothly.
“By working with Conveyd’s digital transport experts, we can combine strong pricing, as part of the Premier range, with a more collaborative legal process.
“All standard transfer costs are covered by these products, significantly reducing the costs for a borrower during a remortgage.
“For simple cases, this means fewer delays, clearer communication and a better overall experience for all stakeholders.”
Conveyd chief executive Manasi Kulkarni added: “We are incredibly excited to be working with a like-minded, digital-first lender who shares our vision for the future of residential real estate transactions.
“The partnership with Landbay has been fantastic so far; we learn from every case, listen carefully to feedback and work together to deliver the best possible experience for customers.”