Landbay expands BTL range with new non-portfolio products

Buy to let lender Landbay has unveiled a fresh suite of non-portfolio products, alongside rate cuts and new offerings.

Designed for landlords owning three or fewer mortgaged properties, the new range features five-year fixed rates up to 75% loan-to-value (LTV) starting from 4.39%.

Landbay has also introduced two standard five-year products at up to 55% LTV and lowered rates on its existing 55% LTV five-year range by 0.25% to 4.44%.

These latest enhancements follow recent rate reductions of up to 0.25% across standard five-year, two-year, and two-year like-for-like remortgage products, as well as a 0.10% cut for two-year small HMO/MUFB deals.

Landbay’s variable fee structure remains in place, and all products are accessible through its BTL affordability calculator.

‘Make our range as broad as possible’

The firm’s sales and distribution director, Rob Stanton, said: “We are always looking to make our range as broad as possible to help our broker clients meet needs across their client base.

“Introducing our new non-portfolio range only proves this point, helping brokers best support those smaller landlords through a competitive range of products.

“According to our latest survey, 45% of landlords with three or less properties are looking to buy properties in the next 12 months, so it’s only right we help our brokers answer this demand.”

Foundation Home Loans launches EPC saver mortgages

Meanwhile, Foundation Home Loans’ Buy to Let and Residential brands have unveiled innovative two- and five-year fixed-rate EPC Saver mortgages in collaboration with Vibrant Energy Matters.

These products aim to assist borrowers in enhancing their property’s energy efficiency.

Designed for both landlords and homeowners purchasing or remortgaging, the EPC Saver caters to F1 borrowers – those with a strong credit history or minor credit blemishes.

The BTL variant offers rates from 5.94% up to 75% Loan-to-Value (LTV) with a 1.25% fee.

The EPC Saver mortgages include a complimentary EPC inspection, a comprehensive report detailing energy efficiency improvement steps, and a £1,000 cashback incentive.

Tom Jacob, Foundation Home Loans’ director of product and marketing, emphasised the product’s distinction: “Many of the green mortgage products currently available are aimed at properties which have already achieved an EPC C level or above, however, this product is different as it is designed to help those who want to get their properties up to, or beyond, this level, with a free EPC plus a detailed report highlighting the areas to focus on from Vibrant Energy Matters and of course a significant £1,000 cashback to put towards the cost of those works if undertaken.”