The following BTL products will be withdrawn at close of business today;
- DSL332 -2 year BTL product, discounted to 2.29% – maximum 75% LTV
- DSL333 – 2 year BTL product, discounted to 2.29% – maximum 70% LTV
In light of the PRA changes we have had to amend our BTL criteria – please amend your records so everything is correct for future product launches.
| Current Criteria | New Criteria |
| Unlimited Number of background BTL’s per applicant | Maximum 3 mortgaged BTL’s per applicant |
| We do not accept portfolio Landlords | |
| Stress rate is 125% @ 5.5% | Stress rate is 145% @ 5.5% |
| Earned income will not be taken into account to support a rental shortfall for Standard BTL applications. |
We will honour applications received up to Close of Business on the 31st December on the old stress rate, (subject to completion prior to the 31st March 2017).
