We’re pleased to announce a series of enhancements to our buy-to-let lending criteria, designed to give advisers more flexibility when placing cases and to support more landlord clients.

What’s new?

• High rise blocks of flats: We’ve removed our height restriction on blocks of flats, opening up more opportunities for brokers to place cases on a wider range of high rise properties
• New build flats: We’ve increased the maximum LTV from 70% to 75%, giving landlords greater flexibility with lower deposit requirements
• Minimum income requirement for applicants: We’ve removed the minimum personal income for applicants, supporting landlords whose affordability is driven primarily by rental income (applicants will still need to evidence income)
• Self-employed/contractors trading period: We now accept self-employed and contractor applicants with at least one full tax year, helping more landlord clients access finance sooner
• Income verification requirements: We’ve simplified our income verification requirements, reducing the number of documents you need to submit a case
• Mortgage term: We’ve increased the maximum mortgage term from 30 to 35 years, helping to improve affordability and give landlords greater cashflow flexibility

These are just some of the updates we’re making. You can find more details on our website.