Fleet Mortgages has launched three limited company products with a rental calculation of 125% for borrowers using corporate strictures to purchase or remortgage.
The three new products to 65% loan-to-value are a lifetime tracker at 4%, a 2-year fix at 3.40% and a 5-year fix at 3.79%.
With the lifetime tracker the rent is calculated at a rate of 4%, while for the other products it is calculated at 5%.
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With the underwriting changes for PRA-authorised lenders being introduced from 1 January 2017 Fleet urged advisers to be proactive with their buy-to-let clients now.
Bob Young, chief executive of Fleet Mortgages, said: “With just a few weeks left until we see some significant changes to the buy-to-let market for many lenders, it is vitally important that advisers look at all the available options for those clients who are going to be impacted by this.
“To that end, and given the increasing popularity of limited company buy-to-let, we have launched three new products in our range for borrowers utilising the advantages of a corporate structure.
“Given the move in rental stress testing in much of the market we believe these products should be incredibly attractive right now, plus they come at highly competitive rates.
“This should give advisers every incentive to discuss these products and their buy-to-let clients’ wider options in light of what is coming over the horizon for much of the sector.”