Buy to Let

L&G update their BTL matrix

Legal & General Mortgage Club has updated its buy-to-let matrix to include lender positions and lending criteria on buy-to-let portfolios.

This news come ahead of the Prudential Regulation Authority (PRA) changes which come into effect on 30 September.

Jeremy Duncombe, director at Legal & General Mortgage Club, said: “There have been several structural changes within the buy-to-let market during the past year, and in September the market will face further changes to portfolio landlord underwriting standards.

“We hope our latest update will encourage more lenders to state their position as soon as possible and enable advisers and their clients to prepare for these changes.”

The matrix now includes details on which lenders will accept portfolio landlords and limited company buy-to-let and will be updated on a regular basis.

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