Landbay has launched three new buy-to-let products aimed at professional landlords, including expat and HMO deals.
The products available through limited distributors including Connect Mortgages are available up to 75% loan-to-value (LTV), include a standard term tracker at 3.88%, a HMO/MUFB term tracker at 3.98%, and an expat term tracker at 4.38%.
Landbay has also changed its criteria to require a minimum income of £25,000 for those employed, or the equivalent of £40,000 from expats.
Its minimum property values are now £80,000 for standard properties and £150,000 for HMOs.
Paul Clampin, chief lending officer at Landbay, said: “Our new buy-to-let mortgage products have been specifically designed to serve the needs of the professional landlord and help brokers build on the opportunities currently within the market. Landbay prides itself in design products and a fast service crucial for brokers.”
Highlights of Landbay’s mortgage range include:
- HMO and MUFB products
- Expats products
- Finance available to individuals SPV and limited company borrowers.
- Properties above/adjacent to commercial properties considered.
- Finance up to 80% LTV
- No limit on portfolio size with other lenders.
- Minimum income £25,000.
- Mortgages available between £50,000 to £500,000
- Age 21 – 80 (at end of mortgage term)
Want to find out more?
Contact one of our friendly mortgage advisers today by calling 01708 676111 or by sending them a message using the contact form below.
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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.