Bluestone will be making exciting changes to our Buy-to-Let products tomorrow.  The key changes are:-

• Introduction of Interest Only on Clear & AAA products.
• The ICR for basic rate taxpayers will be 125%, and 140% for higher rate tax payers.
• Top slicing with income available on all Interest Only loans, with a minimum ICR of 112%.
• All products will remain available using a full income & expenditure calculation where the minimum ICR is not achieved.
• Interest Only will also be available for FTL’s/FTB’s investing in a BTL, but a full income & expenditure calculation will be completed on a Capital & Interest basis.

The strengthening of our BTL proposition is a major development for us and a key part of our ongoing development plans and growth strategy.  I’d be grateful any support you can provide in helping us to maximise on this exciting development by promoting these changes following their launch.