Landbay has added 5 product switch choices to its summer special vary and enhanced charges.
The product switch choices can be found at up to 75% loan-to-value (LTV), with charges throughout each two-year and five-year fastened price products beginning at 4.29%.
The lender has additionally made price reductions of up to 0.10% throughout each Summer Special two-year and five-year fastened price products, obtainable at up to 75% LTV.
Rates now begin at 4.29% with products appropriate for normal properties and for mortgage sizes of between £30,000 and £2m.
The whole vary is unique to restricted corporations (SPVs), with the lender’s variable charge construction obtainable.
The new Summer Special products embody:
• Product Transfer Standard 5 yr fastened – up to 75% LTV 5% charge @ 4.29%
• Product Transfer Standard 5 yr fastened – up to 75% LTV 2% charge @ 4.89%
• Product Transfer Standard 2 yr fastened – up to 75% LTV 3% charge @ 4.29%
• Product Transfer Standard 2 yr fastened – up to 75% LTV 2% charge @ 4.79%
Landbay gross sales and distribution director Rob Stanton says: “Since launch, our product switch proposition has confirmed extremely widespread amongst landlords on the lookout for an environment friendly and cost-effective means to refinance.”
“Now, we deliver these incredible choices to our new Summer Special vary and strengthen what’s already a aggressive and vastly engaging suite of products. Adding in a price discount additional sweetens the deal and displays our dedication to soar on alternatives as quickly as they current themselves.”
Meanwhile, TSB has lowered charges by as a lot as 0.20% to its residential vary.
Within the lender’s residential vary, three-year fastened remortgage charges have been lower up by to 0.20%.
In addition, two- and five-year fastened remortgages 75% to 90% LTV charges have been diminished by up to 0.20%.
TSB has additionally lower its five-year fastened home buy 75% to 95% LTV charges have gone down by 0.05%.
The two-year fastened remortgage 60% to 75% LTV charges with no charge have been diminished by 0.05%.
