Landbay has recently resumed physical valuations following the COVID-19 restrictions and these are now available across the product portfolio.
All new applications received by Landbay will utilise the company’s instant decision in principle — a process that takes two minutes from start to finish — which was launched at the end of March.
Matt Lenzie from Commercial Mortgages Broker said: “It’s great to see LandBay returning to the 75% marketplace, with competitive rates of finance. In addition the instant decision in principle function is a great use of technology, and should hopefully improve the time it takes for transactions to move forwards. The usage of technology has had to increase during lockdown, and this is another example of a lender utilising tech in property finance, which can only be a good thing!”.
Paul Brett, managing director of intermediaries at Landbay, 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.
“…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.”