United Trust Bank (UTB) Mortgages has made several enhancements to its BTL mortgage proposition to support larger professional landlord clients.
The new BTL criteria apply to all purchase and remortgage applications.
These enhancements mean that there is no upper limit on a landlord’s total portfolio size, with UTB now able to mortgage up to six properties and maximum lending increased to £2.5m.
Announcing the criteria changes, Buster Tolfree, director of mortgages at United Trust Bank (pictured above), said: “These changes give brokers more choice when helping landlord clients with larger portfolios.
“We want to give more landlords the opportunity to take advantage of rental property opportunities many other lenders won’t consider.
“Non-standard construction, touching or close to commercial, high-rise apartments – these can all be great choices for expanding rental portfolios, delivering great yields and often at lower outlay.
“At UTB we’re all about assisting brokers when they’re helping landlord clients get a great return on their investment.”
