Intermediary News

Buy-to-Let rental rates reduced and other criteria changes across all products

Our new product range is now available. We are pleased to announce that we have today reduced rental rates across our entire range of Buy-to-Let (BTL) products by 0.35%.

As previously outlined, from today there are a number of other changes which will affect all products and a summary of these changes are below:

  • Until further notice, we will no longer be offering a property refinance facility on any BTL or HPP product. Finance for property purchase remains unaffected
  • Maximum finance across all products will be reduced to £1m which includes BTL portfolio landlord. The £1m excludes higher FTV HPP products at 90%, where the maximum finance remains at £500k
  • We will no longer be accepting finance applications where the Customer resides in China or Hong Kong. Please click here to view our updated Home Finance Applications - Country Checklist

Please note that all existing fully packaged Applications, including the customer's signature and Application Fee, we received by 11.59pm on 8 February, will be honoured on current terms providing the property remains the same and the application and offer validity periods remain valid.

Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase property in England and Wales. Our full range of products can be found here.

To review our current service levels, click here.

If you have any queries or require further information our team remains available via phone and email, details of which can be found here.

Thank you for your continued support.