Stress testing continues to be an enormous challenge in the BTL market, especially after recent rate moves, but is an area Landbay have had success in supporting brokers and clients with this year.
We are delighted to announce a couple of enhancements to our 2 year fixed proposition to further support these conversations.
- A 4.69% 2 year fixed rate, allowing a product fee of 5% to be added above the loan
- A range of Like for Like remortgage products which are stressed at Payrate + 1%, greatly improving affordability on £ for £ borrowing, rates starting from 4.69%
I also wanted to highlight improvements to our BTL Product and Calculator page, where you can now compare up to 4 products at any one time.
https://landbay.co.uk/intermediaries/products-and-btl-calculator/
The below is an example of how borrowing can be increased by adding higher fees to the loan.
We have compared our standard 2 year fixed product with 2% fee with our 5% fee and our like for like remortgage 5% fee too, with an almost 50% difference in borrowing levels.
If you would like to walk through how to use the compare function, or have any other queries regarding our products and how we can support you, please get in touch.
Jon Braddick
Business Development Manager
M: 07731 980 913