Landbay has reduced rates and fees across its core buy-to-let product range and upgraded its broker portal.
Some of the online lender’s rates have dropped by 0.10 per cent and fees have gone down by 0.25 per cent.
Landbay has also added new functionality to its portal including more detailed case status reporting and progress updates and the flexibility to download European Standardised Information Sheet documentation at any time in the application process.
Furthermore, applicants no longer need to sign the offer document and solicitors are instructed as soon as the offer is made.
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“As a technology-led lender, we are constantly looking at ways in which we can streamline the customer journey, for mortgage intermediaries and our landlord applicants,” said Paul Brett (pictured), managing director, intermediaries at Landbay.
“Intermediaries will now gain much more visibility in respect of the status of their cases and applicants will enjoy an even faster process.
“We’re constantly looking for ways to improve our products and this latest batch of rate and fee reductions keeps our core range attractive and competitive.”
Last month, Landbay adapted its product range, cutting rates while increasing loan-to-values and maximum loan sizes.