Paul Brett

Landbay increases maximum loan size

Landbay has refreshed its buy-to-let criteria for professional landlords and relaunched its website.

The specialist buy-to-let mortgage lender has increased its maximum loan size from £1m to £1.5m, with a maximum LTV of 75%, including fees.

Aggregate loans with Landbay will rise from £2m to £5m.

The specialist lender’s new website can be found under the main URL.

The website was redesigned as part of Landbay’s brand evolution to create a single proposition for both P2P investors and intermediaries.

“We are constantly listening to our intermediary partners and to the requirements of the market, and we believe these changes will offer a greater offering and flexibility to brokers and their landlords,” said Paul Brett, managing director of intermediaries at Landbay (pictured above).

“These new criteria offer a fantastic opportunity for brokers to help more of their landlord clients, who need specialist advice and products more than ever after two years of significant regulatory and fiscal change.

“The increased loan size and aggregate loans will allow us to remain competitive and meet the needs of a wider variety of cases.”

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