Landbay launches professional landlord products

Mortgage Introducer

September 29, 2016

To Let

Landbay has launched a range of professional landlord products including a term tracker at 3.98% and a no early repayment charge product at 4.38%.

Also available is a HMO/multi-unit freehold block tracker at 4.18% and 5-year fix at 4.39%.

Paul Clampin, chief lending officer at Landbay, said: “Our new mortgage products have been designed to serve the needs of the professional landlord.

Average rent for one-bed property grows by 0.12%

“Demand for rental property remains strong and we are committed to operators that provide high quality housing in the increasingly important UK private rented sector.”

A professional landlord is defined as somebody who derives the majority of their income through their investment properties.

Landbay requires the landlord to hold one property in its professional range.