Four of the five products in the range have been reduced by five basis points and the minimum loan value has been lowered to £200,000. For this limited edition range, the maximum loan value remains at £500,000.
The lender has also introduced a £500 cashback option for the range, which is payable upon completion.
LTVs are either 65% or 75% and there is a free valuation option on the standard remortgage products. The new range also caters for HMOs and MUFBs, up to 6 bedrooms or units.
Paul Brett, managing director, intermediaries at Landbay, commented: “Following the initial limited edition launch a month ago, we’ve responded to feedback from the market, by lowering the minimum loan size, reduced rates by up to 5 basis points as well as now offering a £500 cashback.”
Original article featured here…
Landbay recently made a series of rate reductions and added two new mortgage products to its green product range.