Landbay extends 2-year like-for-like landlord remortgage offers   – Mortgage Finance Gazette

Landbay has added to its like-for-like remortgage merchandise with a spread of recent two-year offers.  

The buy-to-let specialist has launched normal two-year fixes — accessible at 65% and 75% loan-to-value, with charges beginning at 4.54%, with a 5% price.   

Two-year normal tracker choices are additionally accessible with no early reimbursement expenses, and a 5% price. These are additionally accessible at 65% and 75% LTV, with charges beginning at 24 foundation factors plus Bank base price.   

The presents are appropriate for landlords with no modifications to their present borrowing necessities.   

Last week, it launched decrease stress assessments for landlords at payrate, somewhat 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 take a look at, we’re thrilled to have the ability to improve our like-for-like vary additional with new mounted and tracker choices.   

“While the brand new merchandise bolster the toolkit of our dealer companions, the improved affordability calculation offers some much-needed respiratory house to these landlords remortgaging onto a better price than earlier than.”