Fleet provides greater flexibility for Landlords
Fleet Mortgages are introducing a couple of criteria changes designed to provide greater flexibility to landlords.
The new criteria effective from 15th December are:
- The re-introduction of a maximum loan size of £2m – up from £1.5m – at a maximum LTV of 65% on our standard and limited company buy-to-let product ranges. This is not applicable for properties which are above or adjacent to commercial premises, or HMOs or multi-unit blocks (MUBS).
- For both HMO and MUB landlords, we are also reducing the time the primary applicant for the mortgage must have owned a standard buy-to-let, HMO or MUB property down from 2 years to 1 year.
These changes are the first of several criteria enhancements we will be making so watch out for further announcements in the New Year, and in the meantime, in the lead-up to Christmas, we are providing advisers with daily hints and tips on our product range, criteria and service offering with our 12 Days of Christmas postings on our social media channels.