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.
Landbay launches green mortgage range and continues to reduce rates
If you haven’t heard, we’ve launched 14 new green mortgage products aimed to reward energy-efficient rental properties. These are suitable for standard properties, non-portfolio loans, small HMOs and MUFBs, that were registered with the land registry at least 24 months ago.
- For EPC A/B and EPC C rated properties
0.1% or 0.05% rate reductions
Then to continue with our recent rate reductions, we’ve trimmed our large HMO and MUFB (up to 12 beds/units) product range by up to 0.2%!
New large HMO & MUFB rates:
• Large HMO or MUFB 2 Year Fixed up to 75% LTV with rates from 3.69%
• Large HMO or MUFB 5 Year Fixed up to 75% LTV with rates from 3.89%