Landbay has elevated the utmost loan-to-value (LTV) and mortgage quantity on its limited edition range of automated valuation mannequin (AVM) products.
The limited edition AVM range consists of 4 normal five-year fastened fee products, with charges beginning at 4.59%.
The most LTV out there has elevated from 65% throughout all 4 products, with 70% and 75% LTV now out there.
The most mortgage quantity has additionally been elevated by 15%, with loans now out there as much as £562,500, a rise from £487,500.
The AVM range begins with mortgage sizes from £75,000.
The limited edition AVM products embody a five-year fastened at 70% LTV with a 6% price at 4.59%, a five-year fastened at 75% LTV with a 5% price at 4.79%, a five-year fastened at 75% LTV with a 3% price at 5.19% and a five-year fastened at 75% LTV with a 2% price at 5.39%.
Landbay gross sales and distribution Rob Stanton says: “Thanks to the time and value financial savings they provide, our AVM-supported products stay one of our hottest choices.”
“Increasing each our most LTV and mortgage quantity makes these products in our Limited Edition range much more fascinating and accessible to extra landlords throughout the nation.”
