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Buy-to-let top slicing mortgages reintroduced for landlords by The Cambridge Building Society



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Buy-to-let ‘top slicing’ mortgages have been reintroduced by The Cambridge Building to enable landlords to top up rental shortfall from other income.

They will benefit landlords with disposable income in cases where rental income falls short of repayment criteria.

Tracy Simpson, head of lending at The Cambridge Building Society
Tracy Simpson, head of lending at The Cambridge Building Society

The mutual is offering loans of £20,000 to £750,000 for landlords, with top slicing permitted on up to three mortgaged rental properties at up to 75 per cent loan-to-value.

Head of lending Tracy Simpson said: “We’re thrilled to be able to introduce top slicing back into our lending criteria. This has proved extremely popular when previously available, and will undoubtedly make things easier for our landlords after a challenging period.

“We are always looking for ways to support our customers and being able to consider each case individually through our underwriting service, means we can tailor our offering to the unique circumstances of individual landlords.”

Available across the society’s standard buy-to-let range, including two-year discounted and five-year fixed rates, the mortgages can be accessed through The Cambridge’s in-house advisers or the intermediary network, for both new purchases or remortgages.

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