Landbay ups buy-to-let LTVs to 80%

Essex Home Finance
Buy-to-let lender, Landbay, has increased its maximum loan to value (LTV) from 75% to 80%.
The latest Finance and Property News2

Buy-to-let lender, Landbay, has increased its maximum loan to value (LTV) from 75% to 80%.

It has launched two new buy-to-let products which available on standard properties, mean Landbay is now back at pre-lockdown LTV levels with very competitive interest rates.

The new products are available on two and five-year fixed rates. The two-year fixed rate product comes with a rate of 3.79% and the five-year fixed has a rate of 3.99%. The rates are available for loans from £100,000 up to £750,000.

Paul Brett, managing director of intermediaries at Landbay, said: “Intermediaries and property investors have been crying out for higher LTV buy-to-let products and so the increase of our LTVs to 80% at market leading rates should be incredibly welcome. This increase in our maximum LTV, along with free Title Indemnity Insurance and free valuations, means we now have a product range which exceeds many others in the market.

“These new products will be very positive news to intermediaries, enabling their clients to increase their portfolios in time to take advantage of the stamp duty holiday. However, time will be of the essence and lender service standards will be everything over the next few weeks.

“As we edge closer to the stamp duty deadline, it will be more and more important that intermediaries look to work with lenders like Landbay, who have continuously kept to their SLAs and who have systems in place to ensure they can process applications quickly and efficiently.”

Original Article from Best Advice 07/12/2020

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.