Landbay has introduced new products and cut prices across its small houses in multiple occupation and multi-unit freehold block fixed-rate ranges by up to 15 basis points.
The specialist buy-to-let lender says its reductions cover two- and five-year fixes, with products starting at 4.34%.
It also adds six new five-year fixes at 65% loan-to-value, which are available using the firm’s variable fee structure.
Highlights include:
- New small multiple occupation/multi-unit freehold five-year fixes at 65% LTV at 5.24%, with a 6% fee
- New small multiple occupation/multi-unit freehold five-year fixes at 65% LTV at 5.99%, with a 3% fee
- Small houses in multiple occupation/multi-unit freehold two-year fixes at 65% LTV at 4.34%, with a 6% fee – down from 4.44%
- Small multiple occupation/multi-unit freehold five-year fixes at 75% LTV at 6.09%, with a 3% Fee – down from 6.24%
- First-time landlord small multiple occupation/multi-unit freehold two-year fixes at 75% LTV at 5.14%, with a 5% fee – down from 5.24%
Landbay sales and distribution director Rob Stanton says: “Both houses in multiple occupation and multi-unit freehold blocks continue to play a critical role in the wider housing mix in the UK, with these landlords providing vital accommodation to the likes of students and young professionals across the country.
“As the student population continues to increase and demand remains high among young professionals and transient workers, it’s important that lenders play their part to support landlords in this thriving area of the market.”
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