The new maximum LTV applies to flats as well as houses, and all existing BM Solutions products will be made available for new build properties.
Phil Rickards, head of BM Solutions, said:
“Increasing the LTV to 75% across all new build products demonstrates our commitment to supporting the new build sector and provides landlords with greater support in providing rental accommodation.
”Having the same maximum LTV for flats and houses and allowing those looking at new build to access our full product range gives brokers confidence in our message that we are fully behind the new build sector.”
