Legal & General Mortgage Club’s Buy to Let Matrix has been updated to include the positions of all lenders on portfolio lending, following the introduction of stricter portfolio buy-to-let requirements to satisfy the Bank of England’s Prudential Regulation Authority rules for landlords with four or more mortgaged properties, which were introduced last weekend.
The Matrix, which provides clarity to brokers so that they can better support clients with long-term planning, now includes lenders that have most recently updated their details and will accept portfolio landlords and Limited Company Buy to Let.
Click here to view Legal & General’s Buy to Let Matrix.
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.
“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.”