BUY TO LET MAXIMUM LOAN INCREASED TO £2M

We have increased our maximum loan size for 75% LTV buy to let products from £750,000 to £2m.

We will now also accept thatched roofs and ex‑local authority flats.

Buy to Let enhancements

  • NEW – maximum loan size for 75% LTV products now £2m
  • NEW – 5 year fixed stress rate 3.5% at 140% of the mortgage interest amount calculated for loans up to 75% LTV, 4.5% at 140% of the mortgage interest amount calculated for loans above 75% LTV – download our Rental Criteria Guide
  • NEW – 80% LTV products with rates starting from 3.29%, maximum loan size of £500,000
  • NEW – no longer require income proof for self‑funding buy to lets
  • NEW – we have reduced our 5 year fixed rates with rates now starting from 2.29%
  • NEW – available on New Build on houses and flats up to 80% LTV
  • Use our Buy to Let calculator to find out how much your customer could borrow

Property Enhancements

  • NEW – Thatched Roof – Accepted – subject to surveyor / valuer’s comments. For thatched roof applications, you will need to select “roof type – other” and use the ’Send a message‘ function to add a note to explain it is thatched.
  • NEW – Ex‑local authority flats – Accepted – subject to a maximum number of stories in the block of 6. Deck access is accepted subject to surveyor / valuer’s comments. Use the ‘Send a message’ function to add a note to explain it is an ex-local authority flat

For full details on the points above, please refer to our Mortgage Mortgage Lending Criteria Guide and Product Guides

Download our updated Packaging Checklist.