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The Cambridge Building Society has reintroduced top slicing on its standard buy-to-let (BTL) range up to 80% loan-to-value (LTV).

This enhancement was introduced to enable experienced landlords with a shortfall on required lending to use a percentage of their income when the BTL property rental income is insufficient.

In addition, in cases where a 5-year fixed rate is chosen, the payrate will be used in the rental calculation together with a rental coverage ratio of 140%.

First-time landlords will also be considered, and this feature has now been expanded to BTL expats, who have a residential property but want to buy their first buy-to-let or holiday let.

All countries and currencies can be considered, up to 75% LTV, providing the country is not on the UK Government Financial Sanctions list.

Kathy Bowes (pictured), intermediary manager at the society, said: “We continue to listen to our intermediary partners and understand the difficulties that can occur in trying to find a suitable lender to submit a buy-to-let case with.

“We hope that these criteria enhancements will help to offer more choice within the buy-to-let marketplace”.

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