The Cambridge Building Society has launched a new limited company buy-to-let (BTL) holiday let mortgage at 80% loan-to-value (LTV), adding to its existing BTL range.
The product is a 5-year fixed rate at 5.78%, with an income coverage ratio of 125% at payrate, aimed at limited company borrowers looking for higher LTV options.
Dan Barker (pictured), product and propositions manager at The Cambridge, said: “The launch of our new Limited Company Buy to Let product at 80% LTV strengthens our landlord proposition and gives brokers greater flexibility when supporting incorporated investors, while continuing to reflect our commitment to responsible lending – working together to help people achieve their goals.”