Standard Life continues buy-to-let revamp

Standard Life has continued its series of enhancements to its buy-to-let mortgage range, with the introduction of free legal facilities to its Freestyle selection.

Valuation fees have also been removed from the product offering.

The changes are effective now and follow a number of developments announced in June, including half-price arrangement/booking fees for any landlord purchasing more than one property with a Standard Life Bank mortgage.

Rental yield requirement was also reduced from 120 per cent to 110 per cent and verification of income will not be required for loan-to-value levels of up to 85 per cent, increased from 75 per cent.

Jackie Moran, head of sales for Standard Life Bank, said that the latest enhancement "further strengthens our buy-to-let offering".

She added: "With the new enhanced range of buy-to-let products, clients will be able to save even more, especially when buying or remortgaging multiple properties."

Related Articles