Landbay extends maximum loan term

Landbay has extended its maximum loan term from 25 to 30 years.

The change will be effective from 1 May, and applicable to all products available through the lender’s distribution partners.

Landbay managing director of intermediaries Paul Brett comments: “We are constantly listening to our intermediary partners to understand the needs of the clients.

“This product enhancement is a direct response to those needs, and we are pleased to be able to offer even more flexibility to brokers and their landlord clients.”

The changes come after Landbay added to its regional sales team at the beginning of the month – appointing a new head of sales across the South, Midlands and North of England respectively.

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