Alongside the recent launch of our enhanced Family Mortgage, I am also pleased to announce a significant improvement to our Buy to Let affordability assessment resulting in additional borrowing of up to 35%.

We have also launched a brand new 2 Year Fixed Rate Expat Buy to Let product at 75% LTV at 4.69% for purchase and remortgage applications.

Enhanced Buy to Let affordability

What we've changed

We've made changes designed to increase borrowing potential and make our 2 Year product options more competitive for landlord clients.

We've updated the way we assess affordability for:

• Capital Raising applications
• Pound for Pound Remortgage applications

For applications on products that are not fixed for five years or more, the stress rate used in our affordability calculations has been reduced.

For applications on products that are fixed for five years or more, there has been no change, and these will continue to be assessed at pay rate.

What this means

Based on a typical 2 Year pay rate, the changes we have made will typically result in a 15% improvement in affordability results for Capital Raising applications, and a 35% improvement on Pound for Pound Remortgage cases.

Try out our Buy to Let calculator today to see the updated borrowing potential for your cases.

New Expat Buy to Let 2 Year Fixed Rate product

Now on-sale for purchase and remortgage applications, our new Expat 2 Year Fixed Rate (available on an Interest-Only basis) is designed to support stronger affordability outcomes for your expat landlord clients.

The product also offers £500 cashback for remortgage applications.

Key product details are below:

Semi-exclusive products

On top of our standard range of products we have additional semi-exclusive products available via our packaging partners. For further information, speak to your local BDM.

Explore our Expat Buy to Let product range & check out our Buy to Let Affordability Calculator

Our team of BDMs now cover the whole of England, Wales and Scotland, and are all ready to answer your queries and guide you through the application process.