To meet the growing demand for larger loan sizes in the buy-to-let space, Landbay will be launching a new product range for loans up to £1.5m.

This large loan product range consists of five-year fixed rates for standard properties, HMOs, MUFBs and trading companies.

The new five-year fixed large loan products:

• Standard Property - 75% LTV - Up to £1.5m @ 3.24%
• New Build Standard Property - 65% LTV – Up to £1.5m @ 3.24%
• New Build Standard Property - 75% LTV – Up to £1m @ 3.34%
• Small HMO & MUFB - 75% LTV - Up to £1.5m @ 3.59%
• New Build Small HMO & MUFB - 75% LTV – Up to £1m @ 3.69%
• Small Portfolio Landlord Standard Property - 75% LTV – Up to £1.5m @ 3.14%

In addition, Landbay has raised the maximum loan size on existing five-year fixed rate products to £1.5m from £1m with no change in rates on the following products:

• Large HMO & MUFB (up to 12 bedrooms) - 75% LTV – up to £1.5m @ 3.99%
• Trading company Standard Property - 75% LTV – up to £1.5m @ 3.69%
• Trading company Small HMO & Small MUFB - 75% LTV – Up to £1.5m @ 3.99%