See the latest announcement from TSB below. Note that you can access TSB via the Brilliant Solutions mortgage club but the lender does place some restrictions on access. Contact us for details.
TSB Mortgage Product Guides are available here but check the date to ensure it has been updated to reflect the announcements below.
Portfolio Buy to Let launches with TSB.
From Wednesday 4 February, TSB has launched Portfolio Buy to Let for Landlords with 4 or more mortgaged Buy to Let properties, up to a maximum of 10.
- Customers can have a maximum of 10 mortgaged BTL properties (max 5 with TSB up to £2m total)
- 75% LTV with max loan of £1m
- HMO/Holiday let income – acceptable for 25% of total rental income of background portfolio (none to be mortgaged with TSB)
For a full list of the new Portfolio Buy to Let products, click on the link below:
Sourcing systems won’t go live with products until Thursday 5 February, however products will be available to select within MSO from Wednesday 4 February.
For more information on the full criteria, visit the Portfolio Buy to Let page on the TSB Mortgage Intermediaries website.
The new product guide will be available to download from the website now.