Landbay has launched new Premier Remortgage AVM 2-year fixed-rate products up to 75% LTV, alongside selected rate reductions across its Premier range.
Landbay has launched new Premier Remortgage AVM 2-year fixed-rate products, alongside selected rate reductions across its Premier range.
The new Premier Remortgage AVM products are available up to 75% LTV and include 4 2-year fixed-rate options with zero, 1%, 3% and 5% fee structures.
Landbay said the products could help landlord borrowers secure offers around 3 times faster than standard products by removing the need for a physical valuation. The lender said borrowers could also potentially save up to £500 per case.
Premier is Landbay’s range of standard and HMO products for borrowers with up to 15 mortgaged properties. It is available to both individual and limited company landlords and includes some of the lender’s most competitive rates.
The new Remortgage AVM products include a 2-year fixed rate at 3.34% with a 5% fee and a zero-fee option at 5.84%.
Landbay has also reduced selected 2-year fixed-rate products by 0.05%, including product transfer and like-for-like remortgage options. These are now available at 3.34% with a 5% fee and 5.84% with zero fee.
The lender has also added a new product transfer 2-year fixed-rate product at 3.39% with a 5% fee.
Selected Premier Small HMO 5-year fixed-rate products, including product transfer options, have also been reduced by 0.05%. These include a 4.79% product with a 5% fee and a 5.59% product with a 1% fee.