Announcement
Exciting update: Discover our new PBSA product!
Introducing our new Purpose-Built Student Accommodation (PBSA) products
We’re pleased to introduce the latest addition to our Commercial product suite: Purpose-Built Student Accommodation (PBSA) with dedicated rates and criteria.
We’re proud to have already financed several transactions in this sector and today’s addition to the proposition is designed to build on this in an evolving part of the market.
Built with intent. Financed with precision.
Our new PBSA proposition provides clearer product options and criteria to help you identify the opportunities where we can help.
Where the loan requirement is over £2.5m, you and your customer benefit from the dedicated service and loan structuring capability we have in Structured Real Estate.
Please read below for further product details and information on submitting PBSA applications.
Product Highlights
- Rates from 5.99%*
- Loans from £500k-£35m
- Existing customer discount (0.25% off the arrangement fee)
- Interest-only mortgages for up to 12 years, part or full capital repayment for 25 years
- Up to 75% LTV on interest-only
- Full range of Arrangement Fees (1%, 3% & 5%) and Interest Rate options (variable or fixed for 2, 3, 5 or 10 years)
Key Criteria
- Experienced landlords
- 75% occupancy from domestic students
- Located in close proximity (approx. 30 minutes walk) from the University that it serves
- Minimum 150% DSCR based on gross rental income
- Please note: standard MUFBs or HMOs with demand from a wide range of tenants that happen to be let to students will continue to be assessed as BTL loans
Full details on rates for our PBSA product are available in our product guide. For criteria, please see our Commercial Property lending criteria guide.
The latest guides are available below for you to download.
*Rates correct as of 21/05/2026. Eligibility subject to criteria and credit checks.