Specialist buy-to-let lender, Landbay, has announced the launch of new Small HMO remortgage products within its Premier range, further strengthening its support for landlords operating in this sector.

Small HMO products – covering properties with up to six bedrooms – were introduced into the Premier range last month.

Premier is a range of products for landlords with up to 15 mortgaged properties, available to both individual and limited company landlord borrowers, and features some of Landbay’s most competitive rates.

The new Small HMO products cover five-year, fixed-rate remortgage options at 70% LTV, with a choice of fee structures designed to suit a range of landlord strategies and portfolio needs.

The pricing on the three products is: 4.84% with a 5% fee, 5.24% with a 3% fee, and 5.64% with a 1% fee.

Landbay has also introduced known valuation fees for all Small HMO products, moving from £750 (plus a £199 administration fee) for properties up to £400k, to £2,150 (plus the £199 fee) for properties between £1,800,001 to £2m.

This latest launch builds on wider enhancements introduced by Landbay including AVM options and its expansion into the Scottish market.

Rob Stanton, Sales and Distribution Director at Landbay, said: “In the current market, we are seeing brokers and their landlord clients place a clear focus on managing existing borrowing and ensuring portfolios remain sustainable over the longer term. Remortgage activity is therefore a key area of demand, particularly for more specialist property types such as Small HMOs.

“By continuing to expand our Premier offering, we are ensuring advisers have access to competitive remortgage product solutions for Small HMO landlord borrowers, helping them place business with confidence even in testing conditions.”

For more information visit: https://landbay.co.uk/intermediaries/products-and-btl-calculator/