This adjustment has received positive feedback from brokers and their clients. The new products can be viewed and compared using Landbay’s buy-to-let affordability calculator.
Rob Stanton (pictured), Landbay’s sales and distribution director, expressed enthusiasm in introducing its new products, following positive feedback on their new reduced stress test.
“While the new products bolster the toolkit of our broker partners, the enhanced affordability calculation gives some much-needed breathing space to those landlords remortgaging onto a higher rate than before,” said Stanton.
“It proves to be a popular option for those thinking short-term and do not require any capital raising. It comes at the right time too as we continue to see high levels of remortgage activity across the buy-to-let sector. It’s all part of our ongoing commitment to meet the demands of the market, remain competitive and support our broker partners.”
New products include the following:
