TSB has introduced buy-to-let remortgages over a three-year term, as well as launching two-year mortgages for landlords looking to buy a new property.
The widening of TSB Intermediary’s buy-to-let range follows TSB’s launch into the buy-to-let market in May.
TSB Intermediary now has a range of buy-to-let fixed rate mortgages across two, three and five year terms for landlords including fee free options. Free standard valuation and legal packages are also included for remortgages.
The bank is introducing a minimum income of £25,000 a year for buy-to-let applications. Self employed applicants will also need to have been trading for a minimum of one year.
To support brokers, all existing applications and agreements in principle will be honoured and allowed to proceed on the previous criteria.
Roland McCormack, TSB intermediary director, said: “I’m delighted to announce that we are rolling out the next stage of our buy-to-let offer. With every milestone we reach, more brokers are able to benefit from our expert-to-expert service, making it easier for landlords wanting to take out a TSB mortgage.”
