Landbay has launched new Premier Remortgage AVM two-year fixed-rate products, alongside selected rate reductions across its Premier range, as the buy-to-let lender looks to speed up the remortgage process for landlord borrowers.
The new buy-to-let remortgage products are available up to 75% LTV and comprise four two-year fixed-rate options, with fee structures of zero, 1%, 3% and 5%. By removing the need for a physical valuation, Landbay said the AVM route could help landlords secure offers up to three times faster than standard products, while potentially saving up to £500 per case.
Premier is Landbay's range of standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords, and it features some of the lender's most competitive rates.
Premier two-year fixed-rate highlights, all available up to 75% LTV, include:
- new Remortgage AVM products at 3.34% with a 5% fee and 5.84% with zero fee
- 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
- a new Product Transfer two-year fixed-rate product at 3.39% with a 5% fee
Landbay has also cut selected Premier Small HMO five-year fixed-rate products by five basis points, including Product Transfer options. These now include a 4.79% product with a 5% fee and a 5.59% product with a 1% fee.
The lender said the changes give advisers greater choice across remortgage, Product Transfer, Like-for-Like and Small HMO lending, while supporting landlord borrowers looking to refinance or review their existing arrangements.
Rob Stanton, sales and distribution director at Landbay (pictured), said the launch builds on recent momentum across the Premier range. "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," he said.
"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.
"We remain focused on offering advisers a broad range of products, competitive pricing and the certainty they need to place business confidently with Landbay."
