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 commonplace two-year fixes — out there at 65% and 75% loan-to-value, with charges beginning at 4.54%, with a 5% payment.
Two-year commonplace tracker choices are additionally out there with no early compensation expenses, and a 5% payment. These are additionally out there at 65% and 75% LTV, with charges beginning at 24 foundation factors plus Bank base price.
The presents are appropriate for landlords with no adjustments to their present borrowing necessities.
Last week, it launched decrease stress checks for landlords at payrate, moderately than its commonplace calculation of payrate plus 2%.
Landbay gross sales and distribution director Rob Stanton says: “Following excessive demand and optimistic suggestions on our new diminished stress take a look at, 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 provides some much-needed respiration house to these landlords remortgaging onto a better price than earlier than.”
