Amazing news everyone!

We’re launching three new 2 year Fixed BTL products with rates from 1.99% to help support our improved Top Slicing proposition!

Our new Top Slicing proposition is already proving popular with landlords and introducers who recognise the benefits it provides, including:

  • Unlocking access to 2 year Fixed products
  • Achieving greater flexibility and loan size
  • Solutions for landlords looking to manage their properties more effectively

Highlights of our Top Slicing proposition include:

  • Available in Limited Company and Personal Ownership tax structures
  • Portfolio and non-portfolio landlords accepted
  • Minimum ICR of 110% of pay rate
  • Multiple applications acceptable
  • Acceptable on Holiday Lets
  • Can consider on HMOs and Multi-units with strong rationale

Simplified Processing for Top Slicing

  • The DIP will now automatically return Top Slicing as an option where available
  • Underwriting will use surplus portfolio rental income and/or earned disposable income (EDI) to meet financial stress
  • No additional proof of income required where solely using surplus portfolio rental income

To complement our new Top Slicing enhancements we’re excited to announce the following NEW 2 year Fixed rate products:

  • 1.99% 2 year Fixed with 2.50% Fee – Available only to Personal Ownership tax structures including Portfolio Landlords*
    This product has many benefits including unlocking access to relatively low yielding properties (rental income must meet a minimum ICR of 110% of 1.99% pay rate)
  • 2.99% 2 year Fixed with 1.50% Fee and featuring refund of valuation and £500 cashback. Available across all BTLs including Personal Ownership tax structures, Limited Company and Portfolio Landlords*
  • 3.74% 2 year Fixed with zero product fee (max loan size £500k) and featuring refund of valuation and £500 cashback. Available across all BTLs including Personal Ownership tax structures, Limited Company and Portfolio Landlords*

Remember, Top Slicing is available across the entire BTL range*. The subject property needs to achieve an ICR of 110%, then surplus portfolio rental income and/or EDI can be used to demonstrate that the landlord can meet the financial stresses.

Full product details can be found here.

*Excluding FTB, FT Landlords and repayment applications