We’ve made it even easier for brokers to place and complete Buy to Let business with UTB by reducing administration and providing greater flexibility for landlords.
What’s Changed?
• We no longer need landlords’ income evidence.
• We now accept gifted deposits from a wider range of family members, including parents, grandparents, siblings and children.
• We’ve increased our maximum mortgage term to 30 years.
Delivering A More Flexible Solution
A portfolio landlord was purchasing a new Buy to Let property and receiving deposit support from a grandparent. Under our enhanced criteria we didn’t need income evidence, the deposit from the grandparent was fine, and our longer maximum mortgage term gave them greater flexibility when structuring their borrowing.
The result was a quicker, simpler application process with less administration and a BTL mortgage better suited to the client’s needs.
***FOR PROFESSIONAL INTERMEDIARIES ONLY***