Landbay has announced the launch of a new product range with loan-to-values (LTVs) of up to 75%.

The buy-to-let (BTL) lender indicated the rates on its new range start from 3.39% and that it will also lend on both large and small houses in multiple occupation (HMOs) of up 12 units, multi-unit freehold blocks (MUFBs) as well as new build properties. 
 
Landbay resumed its physical valuations last week and these are now available on all new BTL applications. The lender said it is also working through its pipeline of loans from applications received throughout the lockdown.
 
All new applications will benefit from Landbay’s instant Decision in Principle (DiP) which launched at the end of March and takes just two minutes from start to finish. Landbay also added that its whole application process is entirely paperless and is now completed in just nine steps.

Landbay managing director of intermediaries, Paul Brett, said: “It is good to be able to support our loyal brokers and increase our range of mortgages, particularly with a 75% LTV product which we have received a huge amount of demand for.

“It has been our aim throughout this challenging period to be a supportive force for brokers and to be a steady presence in the market. And due to our diversity of funding, we have fortunately been able to continue lending throughout the whole of the last two months.

“This range will now help to give something more to our brokers and their clients, who are keen to remortgage or keep investing in the BTL market.”

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