Darlington Building Society has increased the maximum LTV across its buy-to-let range from 75% to 80%, including for expat borrowers and holiday let investors.
The updated range is designed to give brokers greater flexibility when working with landlords who are looking to remortgage former residential properties, raise capital, or secure fixed rate deals on holiday lets with personal use.
New five-year fixed rates start from 5.19% for standard buy-to-let and 5.49% for expat and holiday let, all with a £999 fee.
All products benefit from a reduced ICR stress rate of pay rate plus 1%, helping support affordability at the higher LTV.
Darlington’s buy-to-let criteria remain in place, including no minimum income requirement, first-time buyer and first-time landlord eligibility, up to 90 days’ personal use for holiday lets, and remortgage options for former residential properties.
The move to 80% LTV reflects direct broker feedback, especially in the expat market where higher LTV remortgages have been harder to secure.
Christopher Blewitt (pictured), head of mortgage distribution at Darlington Building Society, said: “We’ve built a buy-to-let range that genuinely works for brokers, with real-world criteria and products that support clients across a variety of situations.
“The increase from 75% to 80% LTV is a direct response to broker feedback and gives more room for landlords needing to raise capital or repurpose a previous residential property. Whether it’s an expat looking to remortgage their former UK home onto a buy-to-let, or a holiday let owner looking to optimise cash flow, these changes give brokers another practical option.”
