Intermediary News

Minimum finance amount reduced for all products and change to BTL minimum income

We are delighted to announce that today we have reduced the minimum finance amount to £75,000 from the current £100,000 across our entire product range.

In addition, the Bank will no longer require a minimum income for most of our Buy-to-Let (BTL) products. This will apply to cases that meet the Bank’s FSCR requirements for monthly payments against rental income. However for first-time buyers, first-time landlords and if the applicant requires the use of rental ‘top up’ / ’top slicing’, a minimum income of £15,000 from one applicant will be required.

These positive changes complement our existing product range available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.

If you have any queries or require further information our team remains available via phone and email, details of which can be found here.