On 30 September, the Prudential Regulation Authority is implementing new regulations for portfolio buy to let lending. A portfolio landlord is one with four or more mortgaged rental properties. We're changing our criteria to give portfolio landlords more options and greater flexibility, and we're making the application process smoother for intermediaries. These changes will apply to all new [...]

Key highlights     1.80% 5 year fixed until 01/12/2022 1.94% 5 year fixed until 01/12/2022 2.05% 5 year fixed until 01/12/2022   • 75% LTV • £800 fee (£0 upfront) • Purchase & remortgage • 75% LTV • £0 fee • Purchase & remortgage • 80% LTV • £0 fee • Purchase [...]

We’re delighted to announce our lowest ever fixed rate deal will be available at 9am on Tuesday 19 September. At 0.99% this is the lowest ever 80% LTV product in the market! The 2 year fixed rate deal comes with a £1,495 fee and a free valuation. It’s available to both house purchase and remortgage [...]

Here’s a quick overview of the changes affecting landlords with 4 mortgaged rental properties or more. From 19 September 2017, Barclays will tweak its rules for lending to portfolio landlords.   Prudential Regulation Authority changes From 1 January 2017: Mandatory affordability testing – including an interest-rate stress test By 30 September 2017: Lenders need to [...]

In advance of new BTL underwriting standards established by the PRA, we are able to share with you our new approach to portfolio landlords. Clydesdale Bank will continue to support portfolio landlords who wish to remortgage to us with no additional borrowing. You won't need to send us any additional documents or information compared to [...]

Don’t forget – following guidance from the PRA, we’ll be applying some additional criteria to all portfolio landlord applications from today. Click to see our application process above. See the full policy here

Summary of changes Core Range Selected fixed rate products will be reduced, including: 2 Year Fixed Rate fee saver option at 90% LTV will be reduced to 2.44% with £300 cashback for purchase customers 3 Year Fixed Rate fee saver option at 85% LTV will be reduced to 2.23% 5 Year Fixed Rate fee saver [...]

We are pleased to confirm we are making a number of positive changes to our Residential and Buy to Let product range(s) including launching our lowest ever 2 Year Fixed rate, with new products launching tomorrow, Friday 15th September. Key Highlights: Introducing a 1.09% 2 Year Fixed, £999 product fee, available up to 60% LTV [...]

In August, we completed a second charge mortgage that reduced a client’s monthly credit payments by 70% We were approached by our broker partner because their prime client, earning £45,000 a year, wasn’t able to get a High Street mortgage to consolidate his debt since he’d only been in his new job for 4 [...]