Landbay has unveiled two new buy-to-let products with market leading rates.
These new products, launching on the back of Landbay’s recent product refresh, are both available at 75% LTV fixed for five years.
The first of the new products is a standard five-year fixed rate at 3.55% with a free valuation and a maximum loan size of £525,000, available on properties up to £700,000.
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The second is also a standard five – at 3.55%, however it has a higher maximum loan of £1m.
Despite high levels of demand, Landbay claims that it is conducting all business, within its service level agreement with most offers being issued within 72 hours.
Paul Brett, managing director of intermediaries at Landbay, said: “It is a testament to Landbay’s confidence in the buy-to-let market that we can continue to lower our interest rates once again.
“This will be very welcome news to intermediaries as it will help their clients to make the most of the burgeoning buy-to-let 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.
“The recent Bank of England statistics showed the housing market is hitting heights not seen since 2007 and buy-to-let properties are amongst some of the most solid investments available at the moment.
“Therefore, these new products, combined with our recent complete product refresh, two-minute DiP, free valuations and free title insurance, we expect to be a real help to intermediaries and their clients who are rushing to buy before the end of the stamp duty holiday.”