LMC helps to boost BTL portfolios

Key features of the buy to let range are designed to help brokers place more business with clients, both experienced landlords or those that are setting out for the first time. Rates have been reduced across all single buy to let plans and large portfolios are also accepted. Lancashire Mortgage’s consistently flexible approach when considering a variety of property types, purposes and customer profiles gives brokers a wider range of options for their clients.

As well as first charge buy to let products, Lancashire Mortgage also offers second charge buy to let loans which allow landlords to raise finance against an existing property. This can often be a better solution than a remortgage. Applications will also be considered from self-employed customers and companies.

Commenting on the announcement, Gary Bailey, Director, said:

“As the buy to let boom continues there has been a real surge in demand for lenders to continue to provide innovative products – we’ve responded with a number of product changes to what was already a wide ranging buy to let product offering.

“The needs of professional landlords can be more complex and require a lender who understands their business. Our manual underwriting process means that we can consider a wider range of cases than mainstream lenders. As a responsible lender, affordability is always at the heart of our underwriting processes and decision making.”

“Lancashire Mortgage has continued to evolve its range of products, staying responsive to the market and the applications it will consider – something that has been recognised by growing business volumes and recent industry award wins.”

As a responsible lender, affordability is always at the heart of our underwriting processes and decision making. Our buy to let range separates us from many lenders in the market due to our flexible approach when considering multiple sources of income. We also take into account projected rental income where the property does not yet have a tenant.”