Vernon Building Society has reintroduced top-slicing to its buy-to-let (BTL) proposition to offer more flexibility to landlords with a personal income.
The lender has also announced it is increasing the maximum LTV on its BTL range, back to 75% from 70%, as well as the launch of two new holiday let products.
These new holiday let mortgages are three-year discounted rate products, starting from 1.71% with a fee of £1,499.
Vernon’s range of BTL mortgage products are available to individuals as well as limited companies, non-portfolio and portfolio landlords, on residential and holiday let properties.
Head of mortgage and savings distribution, Brendan Crowshaw, commented: “Vernon is very experienced in the BTL market and our new product range adds depth and breadth to our proposition. We know that top-slicing is an important and useful tool for some landlords who want to boost their buying power or refinance their existing mortgage.
“Our maximum LTV is now back to 75% as we continue to respond to the more positive market conditions and adapt our BTL range to meet the needs of landlords.”
Latest News
-
Mortgage approvals slip in February ahead of stamp duty changes
-
PRA proposes raise to FSCS deposit protection limit
-
Market Financial Solutions upsizes funding lines by £1bn
-
Quilter adds Northern Ireland-based PHW Wealth Partners to advice network
-
AJ Bell sells £25m Platinum SIPP and SSAS business to InvestAcc
-
Evelyn Partners reports record AUM amid wealth focus
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.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories