Standard Life Bank continues revamp of buy-to-let range

Standard Life Bank is introducing free legals and no valuation fees to its Freestyle buy-to-let remortgage range as part of wide-ranging buy-to-let enhancements.

The latest changes, effective from July 30, follow a series of product developments, announced in June, including:

Half-price arrangement/booking fees for any landlord purchasing more than one buy-to-let property with a Standard Life Bank mortgage (fees for first mortgage at standard rate, all subsequent mortgages up to a maximum of nine additional properties in a 12-month-period following AIP of first application, reduced by 50 per cent, up to a total loan value of £1.5 million);

Rental yield requirement reduced to 110 per cent from 120 per cent;

Verification of income not be required for loan-to-value of up to 85 per cent (increased from 75 per cent).

Jackie Moran, Head of Sales for Standard Life Bank, said: “This ongoing enhancement further strengthens our buy-to-let offering and makes it even easier for advisers to recommend Standard Life Bank for all their client’s buy-to-let needs.

“With the new enhanced range of buy-to-let products, clients will be able to save even more, especially when buying or remortgaging multiple properties,” she said.