The Telegraph - Landlords can now borrow 50pc more as lenders relax mortgage rules
BM Solutions has improved its mortgage terms to attract landlords with multiple properties.
Aaron Strutt of Trinity Financial told The Telegraph this was the first time that Lloyds had shifted its buy-to-let policy in nine years and the lender is keen to attract landlords who remained in the sector.
He said: “Lenders have been targeting larger landlords and offering great rates and they are trying to tempt them into buying more properties or to remortgage.
"Professional landlords have been buying new properties and making sure they are getting the best possible deals when their fixed or tracker rates expire.”
Mr Strutt said BM Solution's two-year fixed-rate deal at 1.72pc and five-year fix at 1.95pc were competitively priced. Both deals require the landlord to have a 40pc deposit and fees apply to both mortgages, £995 and £1,995 respectively.
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