Blemain Finance has updated its buy-to-let proposition.
Key features include reduced rates across all plans and no six-month minimum ownership period.
As well as first charge buy-to-let products, Blemain Finance also offers second charge buy to let loans which allow landlords to raise finance against an existing property.
Gary Bailey (pictured), sales director for Blemain Finance, said: “As the buy-to-let boom continues there has been a real surge in demand for lenders to continue to provide innovative products – we’ve responded with a number of product changes to what was already a wide ranging buy to let product offering.
“We constantly engage with our broker partners for feedback on how we can improve our products, and these changes have been made to cater for a wide variety of brokers’ clients, whether first-time buy-to-let landlords or more seasoned investors. Our manual underwriting process also means that we can consider a wider range of cases by taking into account the individual case on its merits.
“Flexibility is key to surviving in a changing and competitive marketplace. We’ve continued to listen to feedback and have adapted our products to the needs of brokers’ customers.
“As a responsible lender, affordability is always at the heart of our underwriting processes and decision making. Our buy to let range separates us from many lenders in the market due to our flexible approach when considering multiple sources of income. We also take into account projected rental income where the property does not yet have a tenant.”
