19 September 2017
From today, Tuesday 19 September 2017, Barclays will tweak its rules for lending to portfolio landlords.
Barclays already assess BTL affordability by undertaking a personal solvency review and detailed affordability assessment of the borrower.
From today, your customers will be allowed a maximum of 6 mortgaged BTL / permission-to-let (PTL) properties with them, and a maximum of 10 mortgaged BTL / PTL properties across all lenders (including Barclays).
All other BTL criteria remain the same:
Rate-switch-only applications aren’t affected by these changes.
Making an application with Barclays
From today onwards: