Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Buy to Let Lenders Expand Finance Options for Landlords
Landlords seeking larger loans, finance for improvement works, or purchasing through a limited company now have new buy to let products and updated finance routes to consider. According to Property118, several lenders have announced changes to their offerings for landlords.
Buckinghamshire Building Society, Paragon Bank, and ModaMortgages have each introduced updates to their landlord product ranges. In addition, Moneyfactscompare.co.uk has highlighted a reduced-rate five-year fixed product from Leeds Building Society in its latest selection.
These developments provide landlords with more options when arranging finance for property purchases or improvement projects. The changes may be relevant for letting agents and inventory clerks working with landlords who are exploring new borrowing opportunities or restructuring their portfolios.
Source: Property118