Landlords to benefit from TSB's wider BTL range

The widening of TSB Intermediary’s BTL range follows TSB’s successful launch into the BTL market in May.

With TSB Intermediary extending the range of its BTL mortgages available, more brokers and landlords are benefitting from its expert support when remortgaging or buying a new property.

TSB Intermediary now has a range of BTL fixed rate mortgages across two, three and five year terms for landlords including fee free options.  Free standard valuation and legal packages are also included for remortgages.

This latest milestone from TSB Intermediary also meets an increase in demand, as brokers have been asking for a wider range of BTL mortgages from TSB, following the launch into the landlord market earlier this year.

Reflecting TSB’s strategy as a high street lender with a BTL offering which is designed to attract landlords with smaller property portfolios, the Bank is introducing a minimum income of £25,000 a year for buy-to-let applications.  Self employed applicants will also need to have been trading for a minimum of one year.

To support brokers, all existing applications and agreements in principle will be honoured and allowed to proceed on the previous criteria.

Roland McCormack, TSB Intermediary Director, says: 

“I’m delighted to announce that we are rolling out the next stage of our buy-to-let offer.  With every milestone we reach, more brokers are able to benefit from our expert-to-expert service, making it easier for landlords wanting to take out a TSB mortgage.”