You are here: Home - Better Business - Business Skills -

Buy-to-let Marketwatch: ‘There’s an air of trepidation about’

by: Ying Tan, managing director, Buy to Let Club
  • 27/02/2017
  • 0
Buy-to-let Marketwatch: ‘There’s an air of trepidation about’
As we head into spring – the season associated with new beginnings – the buy-to-let industry is bracing itself for the start of a whole new chapter.

The roll out of the cuts to landlord tax relief will begin on 6 April and while most landlords have already made plans to accommodate the changes, there’s undoubtedly an air of trepidation and nervousness about. That being said, the lending community is certainly rising to the challenge and should be applauded for doing so.

Portfolio landlords may feel somewhat put upon of late with the tax relief cuts and the impending PRA rules surrounding landlords with several properties no doubt causing some headaches. Credit goes, therefore, to New Street Mortgages which this month launched a new range of low rates up to 80% LTV aimed at professional and portfolio landlords.

The new range features no portfolio limit with other lenders and no debt-to-income ratios and all adverse credit older than 36 months is ignored. LTVs of 65%, 75% and 80% are available, discounted rates start from just 1.59%, fixed rates are as low as 1.69% and landlords can have up to £2m total lending with New Street.

Fellow specialist lender Pepper Homeloans has also made changes to its buy to let offering, launching limited edition two-year fixed rates starting from just 3.38% across its near prime range. Five-year fixed rates now start at just 4.18% across all product levels.

Elsewhere, Kent Reliance has launched its lowest ever rates for specialist buy to let, including loans to limited companies and HMO mortgages. Rates have been cut across the lender’s two and three-year fixed and variable rate products, with rates starting at 2.99% at 65% LTV, reduced product fees on large loans and no early repayment charges on discounted variable rates.

Meanwhile, State Bank of India launched a new range of buy-to-let products with reduced rates, an increase to its maximum LTV and enhancements to its lending policy. The new range includes rates reduced by up to 45 basis points on five-year fixed and by up to 30 basis points on five-year trackers. Special purpose vehicle and limited company applications will no longer require the principal applicant to be an existing buy-to-let investor.

There are 1 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Matt Andrews
Bluestone’s Matt Andrews to take mortgage MD spot at Masthaven Bank

Matt Andrews, the former managing director of Bluestone Mortgages, is set to take up the role of managing director mortgages,...