Landbay Tracker Product Refresh

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landbay logoLandbay have had a product refresh today, please read on for details.

Goal of the release:

  • Enhance our 2 year tracker product offering, particularly for like 4 like to improve affordability and therefore volume

 Summary of changes:

  • Release Like for Like 2 year trackers
    • Like for Like Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 2% Fee
    • Like for Like Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 3% Fee
    • Like for Like Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 4% Fee
    • Loyalty Remortgage Like for Like Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 2% Fee
    • Loyalty Remortgage Like for Like Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 3% Fee

  • Release Loyalty Remortgage 2 year tracker products
    • Loyalty Remortgage Small HMO 2 Year Tracker (No ERC) 75% LTV 3% Fee
    • Loyalty Remortgage Small HMO 2 Year Tracker (No ERC) 75% LTV 4% Fee
    • Loyalty Remortgage Small MUFB 2 Year Tracker (No ERC) 75% LTV 3% Fee
    • Loyalty Remortgage Small MUFB 2 Year Tracker (No ERC) 75% LTV 4% Fee
    • Loyalty Remortgage Standard 2 Year Tracker (No ERC) 75% LTV 3% Fee

 

  • Decrease 2 year tracker rates
  • Set min loan of 75k for some products

 Processing and withdrawal timeline:

  • The old products were pulled on Friday at midnight – they are no longer selectable in the broker portal
  • Anyone who had selected the product before Friday at midnight, has until midnight on Tuesday to submit their application, accept the app form and pay the admin fee to secure the rate
  • An email was sent to brokers today outlining the above