Buy-to-let lender Landbay has today launched five new five-year fixed rate remortgage products within its Premier range.
They each have £500 cashback and a free valuation
Premier is a range of standard products for landlords with up to 15 properties, available to both individual and limited landlords.
The new additions are available up to 75% LTV and are all priced at 5.09% with varying fee levels based on the maximum loan size required.
For a maximum loan of £150,000 the fee is £899, for £300,000 the fee is £1,009, for £500,000 the fee is £1,399, for £700,000 the fee is £1,599 and for £1 million the fee is £1,899.
Landbay said each product is designed to support landlords looking to remortgage, with a focus on reducing upfront costs and improving overall value.
The aim of the range is to provide brokers with clear and consistent pricing for different loan sizes.
The new remortgage products will follow the launch last week of two new two-year trackers and two zero-rate, five-year fixed rates, also within the Premier range.
Landbay sales and distribution director Rob Stanton (pictured) said: “These new five-year fixed rate remortgage products are built around what agents tell us landlords need now, which is clear pricing and tangible support with upfront costs.
“The £500 cashback, in addition to a free valuation, can make a real difference to the overall remortgage value, especially for portfolio landlords managing multiple properties.
“We have kept the rate consistent at 5.09% across all five products, allowing advisors to focus on matching the right fee to the client’s loan size, rather than having to navigate multiple rate points.”