Landbay has introduced new small HMO products and automated mortgage refinancing valuation models to its Premier range, including new small HMO product transfer (PT) options for existing borrowers.
The buy-to-let lender has launched new two- and five-year fixed rate options, available up to 75% loan-to-value (LTV) and at varying percentages, for both its Small HMO and PT Small HMO within Premier.
These include small two-year HMO fixes available at 5.59% (1% fee) and 4.59% (3% fee) and five-year fixes available at 5.49% (1% fee), 5.09% (3% fee) and 4.69% (5% fee).
In addition, the product transfer lender has added small two-year HMO fixes available at 5.64% (1% fee) and 4.64% (3% fee) and five-year fixes available at 5.54% (1% fee) and 5.14% (3% fee).
The new five-year AVM remortgages, also available up to 75% LTV, cover four different variable fee options: 5.24% (1% fee), 5.04% (2% fee), 4.84% (3% fee) and 4.44% (5% fee).
Land Bay sales and distribution director Rob Stanton said: “We recognize that there has been a significant degree of turmoil within the buy-to-let sector in recent weeks and unfortunately this seems unlikely to change in the short term.”
“What we are trying to do at Landbay, however, is curate our existing range with new additions that will support advisers and their landlord clients with a wider range of product options.”
“Following our recent expansion into Scotland, we are pleased to be able to include Small HMO and Remortgage AVM options in our Premier range.”
“These additions give advisors more ways to support purchases, remortgages and existing borrower activity, especially when speed and certainty are critical.”