View more on these topics

Yorkshire expands B2L offering to cover whole of England and Wales

Yorkshire Building Society has extended its buy-to-let offering to properties across the whole of England and Wales, and loosened its lending criteria.

The society previously only lent on buy-to-let in London and the South-East after entering the buy-to-let sector with a soft launch in August 2011 through its intermediary arm Accord Mortgages.

It is also revising its buy-to-let criteria by reducing the minimum property value from £150,000 to £100,000, and reducing the minimum applicant age from 30 to 25.

In addition, it is lowering the minimum income for an applicant from £35,000 to £20,000, as well as lifting a 40 mile distance restriction from the borrower to the property location, and accepting broker-certified copies of documentation and original documents.

Jeremy Law, head of buy-to-let at the Yorkshire, says the move represents the lender’s next step in its staged entry into buy-to-let.

He says: “We do not see ourselves dipping in and out of the market. We are here to stay and will be an active lender all year round.”


Resilient market saw loans rise in November

A rise in mortgage lending in November has been welcomed as a sign that the market is holding up well amid the economic worries. Data published by the Council of Mortgage Lenders last week shows there were 47,000 loans for house purchase worth £6.9bn advanced in November 2011, up 3% by number and 5% by […]

Health Shield

Product guide — health cash plans to suit all shapes and sizes

This guide, called ‘Health cash plans to suit all shapes and sizes’, provides information on Health Shield’s standard and tailored cash plans, which are designed to satisfy all business and employee needs. Each scheme can be offered on a voluntary, company-sponsored or flexible-benefits basis.


News and expert analysis straight to your inbox

Sign up