The Cambridge enhances buy-to-let affordability with increased LTV ratios

The Cambridge Building Society has enhanced its buy-to-let proposition by increasing the maximum LTV ratio on two key mortgage ranges.

The expat and holiday let products now offer an 80% LTV – bringing them in-line with the society’s core buy-to-let range - to provide more options for borrowers.  

Loans of up to £1m are available, with no upper age limit. Portfolio landlords are accepted with no restrictions on the number of properties held in the background. 

The new stress rates will allow eligible customers to borrow up to an additional £33,000 following clarification from the FCA on how lenders may apply affordability stress rates.  

It follows the Society’s announcement last month that it had strengthened support for all residential mortgage borrowers by introducing enhanced stress rates.  

Dan Barker, product and propositions manager at The Cambridge, said: “By increasing the LTV on our expat and holiday let products, we’re strengthening our Buy-To-Let range to make it easier for landlords and investors to achieve their property goals in an increasingly volatile market.”