The semi-exclusive product ignores rental calculation up to 75 per cent LTV, calculated using 110 per cent of the interest only pay rate for anything above this level.
It can be taken out on a number of rate options, starting with a two-year tracker with a 4.79 per cent pay rate.
Jason Neale, managing director at In-Focus Mortgage Packaging said: “Landlords who secured competitive rates with generous rental calculations two years ago will not find it quite as easy to refinance on similar terms. This is simply due to the higher pay rates and tighter rental calculations that exist right now.
"Our semi-exclusive product will allow them to take advantage of the capital growth and the reduction in loan to values by refinancing onto a very attractive pay rate. The worry of meeting rental calculation hurdles has been removed."
