Buy-to-let mortgage range enhanced at Standard Life

The range of buy-to-let mortgages at Standard Life Bank has been enhanced, the firm has announced.

One of the features of the enhanced range is the offer of half-price booking/arrangement fees for investors who buy more than one property with a Standard Life Bank mortgage.

Additionally, the rental yield requirement has been reduced from 120 per cent to 110 per cent, while loan-to-value of up to 85 per cent may not require income verification.

Other ways in which landlords can benefit from the new range include borrow-back on overpayments, an option to add upfront fees to the loan, an affordability boost and payment holidays.

Jackie Moran, head of sales for Standard Life Bank, commented: "This enhanced buy-to-let portfolio offers a range of product options with competitive rates, fees and criteria.

"Of particular interest to [independent financial advisers] will be the multiple application benefit which will make it cheaper for their clients to expand their property portfolio," she said.

In addition to mortgages, Standard Life in the UK offers products relating to pensions, insurance and healthcare.

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