From 13 December, TSB is increasing the maximum LTV on BTL mortgages from 75% to 80%, subject to credit score.

The increased LTV at 80% will be available on both interest only and repayment mortgages on loans of up to £500,000 and will be available on all property types except new build flats.

The 75% interest only limit on other application types will remain in place.

This move will give brokers more options in placing higher LTV business and enable their customers to purchase a Buy To Let property with a smaller deposit or enable them to put the deposit towards a higher valued property, delivering money confidence to more customers.

There will be new products made available for BTL mortgages between 75%-80%LTV.

For more information, please contact your National Account Manager.

Brokers will be informed of the change at 12:30 on 10 December