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Landbay increases buy-to-let LTVs to 80%

Landbay has increased its loan-to-value (LTV) from 75% to 80% and announced two new buy-to-let products.

Both products are available on two and five-year fixed rates on standard properties. The two-year fixed-rate product comes with a rate of 3.79% and the five-year fixed has a rate of 3.99%.

The rates are available for loans from £100,000 up to £750,000.


The launch follows the news that Landbay reached number six on the Deloitte UK Fast 50 due to a 5,500% growth in turnover over the past four years. It was ranked the top mortgage lender and listed as the third fastest-growing FinTech business on the list.

Despite these high levels of demand, Landbay is conducting all business within its service level agreement and provides an instant Decision in Principle (DiP).

“Intermediaries and property investors have been crying out for higher LTV buy-to-let products and so the increase of our LTVs to 80% at market leading rates should be incredibly welcome,” says Paul Brett, managing director of intermediaries at Landbay.

“This increase in our maximum LTV, along with free Title Indemnity Insurance and free valuations, means we now have a product range which exceeds many others in the market.”

Brett says the products will be ‘very positive news to intermediaries’, enabling their clients to increase their portfolios in time to take advantage of the stamp duty holiday. However, lender service standards will be everything over the next few weeks.

“As we edge closer to the stamp duty deadline, it will be more and more important that intermediaries look to work with lenders like Landbay, who have continuously kept to their SLAs and who have systems in place to ensure they can process applications quickly and efficiently.”


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