The measures aim to ensure renters continue to be protected, while still allowing landlords to access justice and protection from rent arrears.
The lender offers these products across three core parts of its range – standard, limited company and HMO/MUBs up to six-bedroom/units.
The lender uses an ICR calculation at 125% for limited company mortgages.
The product has a 5-year term with a 2-year ERC at a rate of 4.5%.
Top slicing is designed to enable customers to use surplus portfolio or earned disposable income to prove they can meet any financial stresses on a new loan application, rather than through the rental income of the property alone.
The Society is re-entering 75% loan-to-value (LTV) lending on buy-to-let with two new products, as well as entering holiday let at 75% LTV for the first time.
Former KYSE Bridging head of sales Ross Turrell (pictured) takes up a key role with the lender.
Richard Tugwell, director of mortgage distribution, said: “We’re confident that our fixed fee special is an ideal solution for landlords with several HMOs or MUBs, looking for greater choice and flexibility for larger loan sizes up to 80% LTV.”
The integration will allow users to link their Xero account with their Lendlord account.