Landbay has reduced the rates on its core product range by up to 0.24%.
It has also launched multi-unit freehold block (MUFB) mortgages available for first-time landlords starting from 3.49% and large loan 65% loan-to-value (LTV) 5-year cashback products starting at 3.24%.
As well as this, within its green buy-to-let mortgage range, it has reduced rates by up to 0.14% now starting at 2.99%.
Paul Brett, managing director of intermediaries at Landbay, said: “We constantly look to revise our range to make sure that it is highly competitive across every type of specialist buy-to-let mortgage.
“With our new competitive green products, plus MUFB and HMO mortgages for first-time landlords, as well as an attractive standard and new build range, we believe that we have something for every landlord.”
Landbay launches BTL deals and cuts rates by up to 0 24%
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Landbay launches HMO deals for first-time landlords
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Buy-to-let lender Landbay has launched two new products for landlords with three properties or less, and has cut rates across other parts of its range. It will offer a two-year fixed rate at 2.85% at up to 65% loan to value, available on loans of up to £1.5m. And a five-year fixed rate at 3.25% at up to 65% LTV, also
Paul Brett is managing director of intermediaries at Landbay
There are two types of company structures for buy-to-let investors holding property, with the most prevalent being a ‘limited company’, which is set up via a Special Purpose Vehicle.
The other less common company structure for BTL property is a ‘trading limited company’ and the two are very different.
The limited company SPVs have a SIC code (‘standard industrial classification’ of economic activities), and this indicates they specialise in property. The SIC codes used in BTL are usually 68100 for buying and selling of real estate, 68209 for letting and operating of own or leased real estate and 68320 for real estate management.