Landbay will resume lending up to 75 per cent loan-to-value today with a new product range starting from 3.39 per cent.
The lender reduced its maximum LTV from 75 per cent to 60 per cent during lockdown.
Landbay offers mortgages on houses in multiple occupation of up to 12 units, multi-unit blocks and new builds.
It restarted physical valuations last week and these are now available on all new buy-to-let applications.
However, the lender is still clearing its backlog of applications received during lockdown.
Landbay managing director of intermediaries Paul Brett says: “It is good to be able to support our loyal brokers and increase our range of mortgages, particularly as there has been huge demand for a 75 per cent LTV product.
“It has been our aim throughout this challenging period to be a supportive force for brokers and to be a steady presence in the market.
“And, due to our diversity of funding we have fortunately been able to continue lending throughout the whole of the last two months.
“This range will now help to give something more to our brokers and their clients, who are keen to remortgage or keep investing in the buy-to-let market.”
