Landbay has added to its like-for-like remortgage merchandise with a spread of latest two-year offers.
The buy-to-let specialist has launched normal two-year fixes — out there at 65% and 75% loan-to-value, with charges beginning at 4.54%, with a 5% price.
Two-year normal tracker choices are additionally out there with no early compensation prices, and a 5% price. These are additionally out there at 65% and 75% LTV, with charges beginning at 24 foundation factors plus Bank base charge.
The gives are appropriate for landlords with no modifications to their present borrowing necessities.
Last week, it launched decrease stress exams for landlords at payrate, fairly than its normal calculation of payrate plus 2%.
Landbay gross sales and distribution director Rob Stanton says: “Following excessive demand and constructive suggestions on our new diminished stress check, we’re thrilled to have the ability to improve our like-for-like vary additional with new fastened and tracker choices.
“While the brand new merchandise bolster the toolkit of our dealer companions, the improved affordability calculation offers some much-needed respiration house to these landlords remortgaging onto a better charge than earlier than.”
