Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Landbay Unveils Five New Product Transfer Tracker Deals for BTL Market

Landbay has announced the launch of five new product transfer (PT) tracker products within its core and specialist buy-to-let ranges. The new offerings are designed for portfolio landlords, individuals, limited companies, and those with more specialised properties such as houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

Within its core range, Landbay has introduced a 65% loan-to-value (LTV) product with a 3% fee at bank base rate (BBR) plus 1.49%. Two additional 75% LTV products are available: one with a 2% fee at BBR plus 2.24%, and another with a 3% fee at BBR plus 1.74%.

For specialist properties, Landbay has launched a 75% LTV small HMO product with a 3% fee at BBR plus 1.74%. There is also a small MUFB product, up to 75% LTV, with a 3% fee at BBR plus 1.74%.

Landbay stated that the launch of these new tracker products was driven by increased broker and landlord interest, particularly amid ongoing speculation about future interest rate movements. None of the new products include an early release charge, which Landbay said provides borrowers with flexibility if interest rates change.

These new tracker deals may be of interest to letting agents and inventory clerks working with landlords who are considering refinancing options or managing more complex property portfolios.