We know placing portfolio buy to let business could make things more time consuming than ever before, so we’ve invested in our buy to let proposition to improve our service and make it easier for you to submit business.
We’ve improved our service and support:
- New and improved submission form
- Expert portfolio buy to let underwriters
- Comprehensive training for BDMs
- Step-by-step guide for applications
- Dedicated portfolio buy to let webpage
We’ve enhanced our buy to let lending criteria:
- Increased max portfolio size: from 8 rental properties to 10 mortgaged rental properties
- Increased max age: to 85 years at the end of the term
- Accepting 4 rental properties to be mortgaged with us: this can be a combination of buy to let and holiday let
We’ve maintained the competitive elements of our core buy to let criteria
- Up to 70% LTV
- 140% ICR
- 5.0% stress test rate for no capital raising
- 5.5% stress test rate for purchase and capital raising remortgages
- 5.5% stress test rate for background rental properties
- Max individual loan is £500,000
- Primary applicant must be a residential homeowner occupier
- No minimum income requirement: Proof of income is still required
For more information visit our dedicated portfolio buy to let webpage
