x
By using this website, you agree to our use of cookies to enhance your experience.

TODAY'S OTHER NEWS

Lender announces criteria changes to open up products to more landlords

Bank of Ireland for Intermediaries has removed its £25,000 minimum income requirement for buy-to-let and increased its maximum loan size by £500,000 to £1.5m.

The move is part of a raft of changes by the lender designed to make its products available to more customers, including buy-to-let landlords.

The lender is also increasing its upper age limit for residential customers to 75, while loan-to-value loans on new build homes or the first sale will increase 5% to 85% and by 5% to 80% for new build flats.

Advertisement

Self-employed applicants now only need to provide the last two years’ figures, as opposed to three years previously, to verify income.

“We’re thrilled to announce a host of lending criteria changes to make us more accessible and open up our products to more customers,” said Bank of Ireland for Intermediaries director of sales Alison Pallett.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

icon

Please login to comment

MovePal MovePal MovePal
sign up