The lender is now offering multi-unit freehold block (MUFBs) mortgages for first-time landlords, starting from 3.49%, which join the two new products launched recently for first-time landlords to invest in HMOs. They are now one of the few lenders who do not require some landlord experience before granting a loan on this type of property.
The green mortgage rates have been reduced by up to 0.14%, now starting at 3.24%. This mortgage range offers lower rates for properties with qualifying energy ratings. These green rates are only for properties that have been registered for at least 24 months with an energy performance certificate (EPC) rating of C or above.
Landbay have also introduced a large loan mortgage, a five-year fixed rate at up to 65% LTV, starting at 3.24%. The maximum loan size is £2m and cashback options are available.
Paul Brett, Landbay’s managing director, intermediaries, said: “We constantly look to revise our range to make sure that it is highly competitive across every type of specialist buy-to-let mortgage. With our new competitive green products, plus MUFB and HMO mortgages for first-time landlords, as well as an attractive standard and new-build range, we believe that we have something for every landlord.”
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