Landbay has announced the launch of two new buy-to-let (BTL) products available at 75% LTV, fixed for five years.
The buy-to-let lender said the first of its new products is a standard five-year fixed rate at 3.55% with free valuation and maximum loan size of £525,000, available on properties up to £700,000.
The second product is also a standard five-year fixed rate at 3.55%, however it has a higher maximum loan of £1m.
Landbay recently refreshed its product range in response to demand and announced free title indemnity insurance on qualifying cases.
“It is a testament to Landbay’s confidence in the BTL market that we can continue to lower our interest rates once again,” said Landbay managing director of intermediaries, Paul Brett.
“This will be very welcome news to intermediaries as it will help their clients to make the most of the burgeoning BTL 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.”
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