Please see detailed above we are making changes to update criteria and loan amounts on our BTL product range with the changes taking effect from the morning of Thursday 23rd January 2020.
Summary of changes:
Max loans
| LTV Bands | Current Loan Size | From 23rd Jan Loan Size F1 & F2 | From 23rd Jan Loan Size F3 |
| 65% (Large Loans) | £1,500,000 | £2,000,000 | – |
| 65% | £1,000,000 | £1,500,000 | £1,500,000 |
| 75% | £750,000 | £1,000,000 | £1,000,000 |
| 80% (F1 only) | £500,000 | – | – |
Rental calculation for BTL individual application
Currently:
- 2 year rate – 145% x 5.5
- 5 year rate – 145% x pay-rate
From 22nd January:
- 2 year rate – Low rate tax payer 125% x 5.5
- 2 year rate – High rate tax payer 145% x 5.5
- 5 year rate – Low rate tax payer 125% x pay-rate
- 5 year rate – High rate tax payer 145% x pay-rate
