Landbay launches free valuation buy-to-let product

Buy-to-let lender Landbay has launched a limited edition product, which is a 3.39% 5-year fix to 75% LTV.

The product includes a free valuation for standard properties valued up to £400,000, and comes with a 1.5% product fee.

Paul Brett, managing director of Intermediaries at Landbay, said: “We are committed to remaining as competitive as possible in an ever more specialist buy-to-let market.

“We’re delighted to launch a product which will directly meet the needs of landlords, and in turn support their brokers working in the private rental sector.

“This is just the start of a suite of offerings we expect to make in 2020, allowing us significantly grow our lending operation in the year ahead.”

The product will be available to buy-to-let landlords via intermediaries.

Landbay saw a 200% rise in lending volumes in 2019 supported by a £1bn institutional funding agreement last summer.