Buy-to-let mortgage offering boosted at Yorkshire BS
Yorkshire Building Society has bolstered its buy-to-let mortgage offering by expanding the geographical area that its products cover.
As of Monday, January 23rd, the financial institution will offer suitable loans on properties across England and Wales - which Yorkshire BS claims is the next step in its development as a leader in the buy-to-let mortgage market.
The building society is relatively new to the sector, having entered it in August of last year, but it has rapidly increased its mortgage offering through its intermediary partner Accord Mortgages.
Initially, buy-to-let mortgages were only offered in London and the south-east.
Yorkshire's head of buy-to-let, Jeremy Law, said: "We have always been open about our intentions to roll-out our buy-to-let offering to a wider geographical area and the expansion across England and Wales will represent the next step in our staged entry into buy-to-let."
The society's lending criteria have also changed, allowing buy-to-let investors to secure finance on properties worth £100,000 or more - as opposed to the previous value of £150,000.
The age criteria has laso been modified as people will be able to secure finance at the younger age of 25.
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