Landbay has launched two-year fixed rate Premier Remortgage AVM products and implemented select rate reductions across the Premier range.
The new Premier Remortgage AVM products are available up to 75% Loan-to-Value (LTV) and include four two-year fixed rate options with a rate structure of zero, 1%, 3% and 5%.
Premier is Landbay’s range of standard and HMO products for borrowers with up to 15 mortgage properties.
It is available to both individual and corporate landlords and has some of the most competitive rates in Landbay.
Key product highlights with a two-year fixed rate, available up to 75% LTV, include the BTL lender’s new Remortgage AVM products, available at 3.34% with a 5% fee and 5.84% without fees.
In addition, it offers two-year fixed rate products, including product transfer and like-for-like remortgage options, reduced by five basis points and now available at 3.34% with a 5% fee and 5.84% without fees.
It also has a two-year fixed rate product for new product transfers, available at 3.39% with a 5% fee.
Landbay has also reduced select Premier Small HMO five-year fixed rate products by 5 basis points, including product transfer options.
They include both a 4.79% product with a 5% fee and a 5.59% product with a 1% fee.
Land Bay sales and distribution director Rob Stanton said: “Following our recent changes to the Premier range, we are pleased to be adding these new Premier Remortgage AVM products, as we implement further discounts across a number of key product lines.”
“Speed remains important for advisers and their landlords, especially in the mortgage refinancing market, and these new AVM options will help us deliver an even faster route where they are suitable.”
“In addition, today’s rate reductions give brokers even more competitive choices in more standard and small HMO cases.”