The lender stressed that CBTL criteria apply solely to individual applicants remortgaging their properties and are not applicable to limited company or portfolio landlord cases.

See LinkedIn post here.

“Extending our criteria to include consumer buy-to-let as standard is a highly positive step for both our business and the broader buy-to-let market,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans. “This change allows us to serve the needs of ‘accidental landlords’ by providing them with the opportunity to secure a buy-to-let mortgage on a property they may have inherited or previously occupied.

“It’s a significant policy shift that enables us to address the needs of a larger segment of the landlord community, further solidifying our position as an innovative, trusted and forward-thinking lender in the buy-to-let space as we work towards meeting our ambitious lending targets for the remainder of 2024 and beyond.”

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