Nottingham Building Society has launched a range of 80% LTV products as part of a series of changes to deliver what it describes as "broader and more accessible" buy-to-let (BTL) investment options for UK landlords. Alongside its existing 75% LTV mortgages, the society has added new two- and five-year fixed 80% LTV products to its standard and limited company BTL ranges. The society has also increased the maximum number of properties a landlord can BTL through the organisation to five and has reduced the minimum age of applicants from 25 to 21.

Landbay has reduced rates across its BTL product range by as much as 0.20%. Standard two-year fixed rate products have seen the largest reductions, with rates now starting from 3.59% at up to 75% LTV. The reduction also includes the AVM-supported range of standard two-year fixed rate products. Meanwhile, standard five-year fixed rate products, available at up to 55% LTV, have been cut by 0.10%.

United Trust Bank Mortgages has doubled the maximum loan size available to customers looking to obtain a residential first charge mortgage up to 65% LTV to £2m. In addition, customers wishing to borrow up to 75% LTV can borrow up to £1.5m, also increased from £1m. The latest move is part of the specialist lender’s ‘Get January Jumping’ campaign, which follows a raft of income criteria changes designed to boost borrower affordability and help brokers place more cases. On LTV rates of 65% and 75%, the maximum borrowing amount now stands at £2m and £1.5m, while 85% and 90% LTV mortgages have maximum lending of £1m and £750,000 respectively.

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