We want to help landlords borrow more. Which is why we have reduced our stress rates by 0.50% on new Buy to Let applications where the LTV is 65% or below and:
- Product is a 5 year fixed term, or
- Application is a like for like remortgage (all fixed product terms)
We'll now apply a stress rate of 4.00% or pay rate, whichever is higher.
There are no changes to the stress rate applied for Limited Company applications.