The move is designed to further target the buy-to-let sector as landlords look to increase their portfolios and take advantage of the dips in house prices.
Previously only available direct through brokers, the range can now be accessed by their packager partners on a self cert basis, with an affordability based option using applicants income up to 85 per cent LTV (income verified basis), and minimum 100 per cent rental cover up to 75 per cent LTV, 110 per cent up to 80 per cent LTV, and 115 per cent up to 85 per cent LTV.
Alistair Welham, head of sales & marketing at Salt, commenting on the move said: “The addition of the BTL range to out packagers' service offering adds value to their businesses and also to the relationship we are building with them. We know that the hard work which has gone into producing the right mix of product, criteria and service, will be of great benefit."
