On 30th September, the PRA’s new underwriting standards will come into force and landlords with four or more mortgaged Buy to Let properties will be defined as ‘portfolio landlords’.

Anyone lending to portfolio landlords will need to make changes to the way they assess these applications due to their complex nature.

The maximum number of mortgaged Buy to Let properties we allow is three so we will not be affected by these changes.

Here’s a quick reminder of our Buy to Let highlights:

• 100% affordability based
• First time buyers accepted
• First time landlords accepted
• No credit scoring
• Market leading adverse criteria
• Up to 80% LTV

Full details can be found in our product guide or on our website. Don’t forget you’ve got direct access to our underwriters so give them a call on 0800 368 1833 if you’d like to discuss a case.

Many thanks,

Bluestone Mortgages team