Category: Buy-to-let

The product is for landlords with up to 20 properties with a combined value of £5m with Precise, however there no limit on the size of portfolios with other lenders.

Popular places included Slough, Berkshire, where 46% of renters moved from the capital.

After the applicant has been with Castle Trust for 12 months they can request for the lender to review their credit history to offer a cheaper rate in a lower tier if possible.

The Stockport-based society offers mortgages for regulated buy-to-let, interest-only, minor adverse, into retirement and interest-only retirement.

Click Tenant launches

Click Tenant is a new venture from the team behind Student Tenant, which links up university students and landlords.

The product comes with an application fee of £199 and a completion fee of £1,800.

Property Master, which launched four months ago, uses algorithms to match buy-to-let landlords with 90 lenders offering more than 2,000 mortgages.

This represents 79% by value of completing buy-to-let purchases, up from 73% in Q2.

The service enables lenders to measure the value of a portfolio, asset by asset for trading, asset management or risk management purposes.

Clients looking to remortgage a property up to the value of £500,000 will be refunded within 30 days of the mortgage completion, while they will also get a fee assisted legal service via Optima Legal.