Cambridge Building Society has brought back buy-to-let top slicing, where the buyer’s personal income is used to top up the amount they can borrow, rather than relying totally on the rent.
Landlords can take out loans between £20,000 and £750,000, while top slicing is available on rental homes up to 75% loan-to-to-value.
The loans can be taken out across the society’s standard buy-to-let range, whether going to Cambridge direct or through a broker.
Top slicing is a method lenders use to ease affordability issues, effectively making it so more landlords are eligible to take out their products.
Tracy Simpson, head of lending at The Cambridge Building Society, said: “We’re thrilled to be able to introduce top slicing back into our lending criteria, this has proved extremely popular when previously available, and will undoubtedly make things easier for our landlords after a challenging period.
“We are always looking for ways to support our customers and being able to consider each case individually through our underwriting service, means we can tailor our offering to the unique circumstances of individual landlords.”