"Increasing the scope of our Premier products to include individual applicants reflects their critical role in the rental market mix and our commitment to use every avenue to support brokers and landlords, particularly when it comes to affordability"
- Rob Stanton - Landbay
Buy-to-let lender Landbay has expanded access to its Premier product range, allowing individual landlords to apply for the first time.
Previously available only to landlords with up to 15 properties operating through limited company special purpose vehicles (SPVs), the Premier range now welcomes individual applicants. The products include both two-year and five-year fixed rate options, offering free valuation remortgage and product transfer choices, with rates starting at 3.39%.
The change gives individual landlords access to competitive products that were previously exclusive to SPVs, such as Landbay’s like-for-like two-year fixed rate mortgage. This option, available up to 75% loan-to-value (LTV) with a maximum loan of £2 million, is stressed at either payrate or 4.5%.
In recent weeks, the Premier range has benefited from rate reductions and the addition of new options, including two-year fixed rate and like-for-like remortgage products. Landbay’s variable fee structure has also been introduced to further improve affordability for borrowers.
The Premier product set sits alongside Landbay’s Core range, which caters to portfolio landlords with options for limited company structures and automated valuation model (AVM) products. The lender also offers a Specialist range providing flexibility for more complex property types, including holiday lets, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs) and trading companies.
Available Premier products include:
Premier Like for Like 2 Year Fixed 75% LTV, 2% fee at 4.39%
Premier 2 Year Fixed 75% LTV, 4% fee at 3.39%
Premier 2 Year Fixed 75% LTV, 1% fee at 4.89%
Premier 5 Year Fixed 75% LTV, 5% fee at 4.09%
Premier 5 Year Fixed 75% LTV, 1% fee at 4.89%
“For brokers looking to support clients outside of limited company SPVs, the news of access to this set of innovative and highly competitive products will be hugely welcome,” said Rob Stanton, sales director at Landbay (pictured). “Increasing the scope of our Premier products to include individual applicants reflects their critical role in the rental market mix and our commitment to use every avenue to support brokers and landlords, particularly when it comes to affordability."
"The Premier products answer every call, whether it’s responding to new investment opportunities with competitive fixed rates or giving landlords the options and breathing space they need as they look to refinance. In the process, we give our broker partners more tools at their disposal to support landlords of all sizes and setups.”
