Accord – View
Aldermore – View
Axis Bank – View
Bank of Ireland – Max portfolio of 3 buy to let properties.
Barclays – View
Barclays has stated in a recent press release,“We already assess buy-to-let affordability by carrying out a complete affordability assessment.
“This means minimal change to our existing application process or criteria for landlord customers who have four mortgaged rental properties or more.”
From 19 September the lender will ask for a property schedule to be completed, containing extra information for its underwriters.”
Bluestone Mortgages – Max portfolio of 3 buy to let properties with Bluestone Mortgages.
BM Solutions – View
Buckinghamshire – Max portfolio of 3 buy to let properties and 1 residential.
The Cambridge Building Society – Limit of five buy to let mortgages with The Cambridge which must not exceed £2,000,000 of borrowing. View
Clydesdale Bank – View
Coventry – View
Darlington Building Society – Max portfolio of 3 buy to let properties.
Dudley Building Society – Max portfolio of 3 buy to let properties.
Family Building Society – View
Fleet Mortgages – Not subject to PRA jurisdiction, so lending policies will remain the same.
Foundation Homeloans – View
The Hanley Economic Building Society – Max portfolio of 3 buy to let properties.
Ipswich – Max portfolio of 3 buy to let properties.
Interbay – View
Investec – Max portfolio of 4 buy to let properties.
Kensington – View
Kent Reliance – View
Keystone Property Finance – View
Leeds Building Society – View
Leek Building Society – View
Mansfield Building Society
Mansfield Building Society has stated in a recent press release, “The Mansfield Building Society has announced the approach it will take to portfolio buy-to-let after the PRA brings in new underwriting standards from 30 September.
Portfolio landlords will be required to provide an assets and liabilities statement and a detailed schedule of all properties and loans outstanding.
Mansfield will use a stressed interest rate of 5.5 percent, or 2 percent above pay rate, whichever is higher.
The interest coverage ratio will now be calculated at 125 percent for business buy-to-let for basic rate taxpayers.”
Melton Mowbray Building Society – Max portfolio of 3 buy to let properties and 1 residential.
Metro Bank – View
Metro Bank has stated in a recent press release, “The challenge bank says it will apply the revised standards to its portfolio buy-to-let business.
Under the new rules, landlords with four or more buy-to-let mortgage will need to supply additional information when apply for a BTL product.
It includes providing cash flow details and bank statements and an assets and liability schedule. Landlords who have not purchased a property within the past 12 month will also need to supply a business plan.”
Mortgage Trust – Max portfolio of 3 buy to let properties.
New Street – Updating proposition on 27th September and will lend to landlords with a maximum of 10 properties overall. Exposure will be limited to £2m.
Introduced new Business Plan template and Portfolio Summary template.
Nottingham – View
Paragon – View
Pepper Homeloans – View
Platform – Max portfolio of 3 buy to let properties.
Post Office – Max portfolio of 3 buy to let properties across the board.
Precise Mortgages – View
Principality – Max portfolio of 3 buy to let properties and 1 holiday let.
RBS – View
Saffron – View
Santander – View
Shawbrook – Guidelines on Shawbrook’s stance on the PRA changes
Non–portfolio vs portfolio requirements
Skipton Building Society – View
Stafford Railway – View
Teachers Building Society – View
Tipton & Coseley – View
TMW – View
Vida Homeloans – View
Virgin Money – Max portfolio of 3 buy to let properties.