9:15 AM, 9th March 2026, 2 hours ago
Fleet Mortgages has widened its buy to let (BTL) lending criteria, removing its minimum income requirement and adjusting several affordability and property rules.
The lender said the changes are intended to reflect landlords’ real-world borrowing circumstances while maintaining responsible lending standards.
Under the revised criteria, applicants will no longer need to meet a fixed earned income threshold.
Income will still need to be evidenced during the application process.
Fleet’s BTL flat deals
The BTL lender has also extended its maximum mortgage term from 30 to 35 years.
Fleet has also removed its height restriction on blocks of flats, allowing lending on a broader range of high-rise developments.
Also, the maximum loan-to-value on new-build flats has been increased from 70% to 75%.
Other property rule changes include removing the age restriction for flat roofs and steel or concrete frame blocks.
Fleet’s chief commercial officer, Steve Cox, said: “We have focused on areas where adjustments can make a meaningful difference to advisers placing cases, whether that is removing the height restriction for blocks of flats, or increasing the maximum LTV on new-build flats, while also removing the minimum income requirement.”
Lloyds refreshes BTL range
Lloyds Bank has refreshed its buy to let mortgage range for landlords.
It’s been awarded a Moneyfactscompare.co.uk ‘Pick of the Week’ for its five-year fixed rate mortgage.
The deal is priced at 4.20% at 75% loan-to-value, fixed until 31 May 2031.
There’s no product fee and it allows overpayments.
Caitlyn Eastell, a personal finance analyst with the platform, said: “It may appeal to landlords looking to save on upfront costs as there are no product fees, which may make up for the lack of incentives.
“However, adding to its appeal overpayments are permitted which could help shorten the overall duration of the mortgage.”
Family BS unveils two-year deal
Meanwhile, the Family Building Society has introduced a new two-year fixed rate buy to let mortgage designed for limited company borrowers.
The product is available for both purchase and remortgage applications at 4.69% on either an interest-only or capital and interest repayment basis.
It is offered up to 75% loan-to-value and carries a 2.00% product fee with a minimum of £1,500.
Remortgage applications include £500 cashback.
Family’s head of intermediary sales, Darren Deacon, said: “The launch of this new two-year product, alongside the recent significant improvements to our BTL affordability calculator, demonstrates our continual commitment to landlords.”
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