Landbay launches professional landlord products

Mortgage Introducer

September 29, 2016

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.

“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.

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