L&G issues updated buy-to-let criteria matrix

Ryan Fowler

October 3, 2017

Legal & General Mortgage Club has updated its ‘Buy to Let Matrix’ to include all lender criteria on buy-to-let portfolios, following the Prudential Regulation Authority changes.

The matrix now includes lenders that have most recently updated their details and will accept portfolio landlords and limited company buy-to-let.

Jeremy Duncombe, director, Legal & General Mortgage Club, said: “Last week, there were several lenders who announced their position on portfolio buy-to-let lending ahead of the new PRA changes that came into effect over this weekend. Our Buy to Let Matrix has now been updated to include this latest set of information on all our lenders and their stance on portfolio lending going forward.

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“Through our Buy to Let Matrix we hope to provide brokers with all the information they need when speaking to their clients about the changing criteria of lenders, allowing brokers to focus on the needs of their clients.”

The matrix will be continue to be updated if lenders announce any further changes to their criteria.

The PRA changes came into effect on Saturday 30 September 2017.

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