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.

“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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