Barclays confirms portfolio buy-to-let approach

Ryan Bembridge

September 15, 2017

Barclays has confirmed its approach to the portfolio buy-to-let rules coming into force from the Prudential Regulation Authority at the end of the month.

From Tuesday the lender will ask for a property schedule to be completed for landlords with four or more mortgaged properties, but otherwise the lender said there will be few changes.

Craig Calder, Barclays Director of Mortgages, said: “We already assess buy-to-let affordability by carrying out a complete affordability assessment.

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“This means minimal change to our existing application process or criteria for landlord customers who have four mortgaged rental properties or more.

“From Tuesday 19 September, we’ll ask for a property schedule to be completed, which contains the additional information our specialist underwriters need to assess such applications.

“In what’s been an unprecedented period of change for the buy-to-let sector, we have worked hard to minimize disruption and maintain a market leading offering.

“We continue to remain committed to the sector, our landlord customers and to our intermediary partners.”

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