Landbay has increased its maximum loan size from £1m to £1.5m on all standard properties, HMOs and MUFBs, and has also enlarged the maximum loan size on new build properties to £750,000, up from £500,000 across its whole range. The maximum LTV has been increased to 75% on small HMOs and MUFBs, up from 70% LTV previously. Landbay will also continue to offer its lifetime tracker rate with no early redemption charges. All new applications will benefit from an instant decision in principal, which was launched at the end of March.
SOURCE: NACFB Bridging and Commercial
