Trinity added to Landbay's mortgage panel

Friday, November 18, 2016 By Aaron Strutt

Trinity Specialist Finance has secured access to Landbay, the buy-to-let lender providing mortgages to expats, professional landlords and clients with HMOs.

The new lender has a range of buy-to-let mortgages with attractive rental calculations available to landlords, providing they have owned a property in the UK for at least 12 months.

Landbay offers finance for clients with SPV’s and limited companies; it can also lend if properties are above or adjacent to commercial premises.

The minimum property value for HMOs and properties above or adjacent commercial premises is £150,000.

Applicants will need a minimum income of £25,000 to qualify, although this rises to £40,000 fo expats. There is a maximum loan size of £500,000, and the mortgage will need to be repaid by the time client is aged 80.

Mortgage lenders use the rental income generated from buy-to-let properties to work out the maximum loan size, and Landbay’s calculation is attractive.  

If a property lets for £2,000 each month, Landbay will offer up to £426,666. Many other lenders will not be so generous.

Paul Clampin, Landbay chief lending officer, says: “Our new buy-to-let mortgage products have been specifically designed to serve the needs of the professional landlord and help brokers build on the opportunities currently within the market.”

For help to secure a buy-to-let or HMO mortgage, call Trinity Specialist Finance on 020 7016 6151.

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