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We're making changes to our Buy to Let stress rate

Landlords who opt for a 5year fixed rate term or longer will now benefit from a decrease in our stress rate for Buy to Let (BTL) mortgages. By decreasing our BTL stress rate from 5.5% to 4.5%, BTL borrowers who want to fix their mortgage for 5 or more years will benefit from a greater borrowing power, giving them more lending options and improve access to our attractive 5 year products. We hope this will provide longer term support and stability in an ever-changing market. The changes will apply to purchase and re-mortgages with capital raising. This provides an opportunity for landlords who want to improve the energy efficiency of their current portfolios. 

Martese Carton, Director of Intermediary Distribution said “Lowering the stress rate will increase opportunity for new investors, which combined with our current 75% LTV for first time landlords, or 80% LTV for our Green 5 year BTL products for properties with an EPC rating of A-C, shows our commitment to supporting the BTL market”.

These changes are in addition to our already attractive BTL proposition. For example, in September we introduced our Green BTL product range, up to 80% loan to value (LTV) as part of our continued commitment to reducing our carbon footprint and supporting those who wish to do the same.

View our Buy to Let products here.

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