We are excited to announce that we have revamped our product set to improve the experience of choosing a Landbay product & by popular demand, we are introducing Holiday lets! . We are also running a competition campaign to drive engagement, which will be embedded adviser facing comms that we will send over separately – please upload/send this out on our behalf as your advisers will have the opportunity to win an iPad.
The products now comprise of 3 sets, which will be reflected in our guides and on the website
Premier
- SPVs
- Up to 15 properties
- Standard properties only
Core
- AVMs
- SPV, Individuals, LLPs
- Complex ltd company structures
- Large portfolios over 15 properties
- Loans up to £3m
Specialist
- HMOs
- MUFBs
- Trading Companies
- Complex ltd company structures
- Holiday lets
As we have revamped the whole range, we have made some tweaks across products as part of the simplification. Here is a summary of those changes –
- New Holiday Let products
- £199 Admin fee added back to Premier products (used to be Summer Specials)
- Increasing rates by 5 bps on some Specialist and Core products
- Reducing rates by 5 bps on some Premier products
- Min loan size changed from £100k to £75k on Specialist small HMO/MUFB 5 yr fixed 75% LTV products
- Max loan size changed from £1M to £1.5M on Core 5-year fixed 70/75% LTV products
If you have any questions, please get in touch!
Beth Foryszewski
National Account Manager
M: 077101 22702