Cambridge Building Society has relaunched its buy-to-let (BTL) ‘top slicing’ proposition, enabling landlords to top up rental shortfall from other earnings.
Loans of between £20,000 and £750,000 will be available to landlords with top slicing permitted on up to three mortgaged rental properties at up to 75% LTV.
They are available across the society’s standard BTL range and include two-year discounted and five-year fixed rates, through its in-house mortgage advisers and intermediary network.
The Cambridge suggested the loans will directly benefit landlords with disposable income and small portfolios of rental properties, where rental income frequently falls short of repayment criteria.
“We’re thrilled to be able to introduce top slicing back into our lending criteria, this has proved extremely popular when previously available, and will undoubtedly make things easier for our landlords after a challenging period,” commented the society’s head of lending, Tracy Simpson.
“We are always looking for ways to support our customers and being able to consider each case individually through our underwriting service, means we can tailor our offering to the unique circumstances of individual landlords.”
Latest News
-
Third of UK adults relying on inheritance to fund retirement
-
Govt has failed to act on lifetime ISA recommendations – Treasury Committee
-
Becketts acquires Swallow Financial Planning
-
‘Fear of rejection’ biggest barrier for one in three aspiring buyers
-
One Mortgage System partners with Bath Building Society
-
BDLA adds Chetwood Bank as associate member
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories