Landbay has released an intermediary update. Check their Product Guide or Lending Criteria for further details or visit their Broker Portal. You can access Landbay products, using the Brilliant Solutions direct to lender mortgage club and receive payment on completion. Contact us for further information.
Product withdrawal notice
To secure this product, please action all of the following by 23:59pm on the 21/08/23:
- You have submitted the full mortgage application
- All applicants must have accepted the application form
- The £199 admin fee must have been paid
Summary of changes:
- Like for like 2y fixed increase rate by 10bps.
- Special edition, FTL Small HMO/MUFB 5y fixed, LR Small HMO/MUFB 5y fixed, Small HMO/MUFB 5y fixed 65%, 70% and 75% LTV, and Trading Co increase rate by 20bps.
- Small HMO/MUFB 5 Year Fixed 55% LTV increase rate by 30bps.
Operational impact and comms:
- Any applications which had one of the affected products selected before Thursday at midnight, has until midnight on Monday to submit their application, accept the app form and pay the admin fee to secure the rate.
- An email was sent to brokers today outlining the above