Landbay adds Premier Remortgage AVM products, lowers rates – Mortgage Finance Gazette
Landbay has launched Premier Remortgage AVM two-year fixed-rate products, and made selected rate reductions across its Premier range.
The new Premier Remortgage AVM products are available up to 75% loan-to-value (LTV), and comprise four two-year fixed-rate options offering zero, 1%, 3% and 5% fee structures.
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 features some of Landbay’s most competitive rates.
Premier two-year fixed-rate product highlights, available up to 75% LTV, include the BTL lender’s new Remortgage AVM products, available at 3.34% with a 5% fee and 5.84% with zero fee.
In addition, it offers two-year fixed-rate products, including product transfer and like-for-like remortgage options, reduced by five basis points and now available at 3.34% with a 5% fee and 5.84% with zero fee.
It also has new product transfer two-year fixed-rate product, available at 3.39% with a 5% fee.
Landbay has also reduced selected Premier Small HMO five-year fixed-rate products by 5bps, including product transfer options.
They include both a 4.79% product with a 5% fee, and a 5.59% with a 1% fee.
Landbay sales and distribution director Rob Stanton says: “Following our recent changes across the Premier range, we’re pleased to be adding these new Premier Remortgage AVM products while making further reductions across a number of key product lines.”
“Speed continues to matter for advisers and their landlord clients, particularly in the remortgage market, and these new AVM options help us deliver an even quicker journey where they’re suitable.”
“Alongside that, today’s rate reductions give brokers even more competitive choices across more standard plus Small HMO cases.”
