November specialist buy to let product round-up

Over the last month, specialist buy to let enquiries have been pouring in as we all begin to adapt to the new buy to let regime. The specialist buy to let lenders’ products, on the whole, have remained relatively unchanged, with some lenders launching their own affordability calculators to help to ease the process.

It is worth noting that over the past few weeks, a few lenders have made some really positive improvements to their criteria, which are listed below.

Vida Homeloans make criteria enhancements across range

  • Maximum loan size increased to £1m
  • Rates reduced by up to 0.1% across six products
  • Selected fixed rate and expat products repriced
  • Up to 3 unsecured arrears now allowed in the last 6 months
  • Maximum portfolio with Vida increased from £1.5m to £2m

Together launch holiday let products

  • Holiday let products now available for landlords who want to purchase or remortgage a property for short-term letting
  • Available on a first and second charge basis
  • Loans from £5k to £2m
  • Up to 65% LTV on loans < £500k, up to 50% LTV on loans > £500k
  • Interest-only and repayment options

Precise Mortgages bolsters support for portfolio landlords

  • Up to 20 buy to let mortgages allowed with Precise Mortgages with a combined total value of up to £5m
  • No limit on buy to let mortgages or LTVs with other lenders
  • Plus, products now available for first-time buyer first-time landlords

Keystone Property Finance expand classic product range

  • Products introduced for landlords with adverse
  • More pricing options added for standard buy to let and HMOs

Here to help

For help placing a case, call our Specialist Team on 01702 538 800 or request a call back.