Barclays is to continue to accept buy-to-let portfolio landlord applications after the Prudential Regulation Authority’s (PRA) underwriting changes come into force on 1 October.
Craig Calder, Barclays’ director of mortgages, said: “We already assess buy-to-let affordability by carrying out a complete affordability assessment. This means minimal change to our existing application process or criteria for landlord customers who have four mortgaged rental properties or more.
“From Tuesday 19 September, we’ll ask for a property schedule to be completed, which contains the additional information our specialist underwriters need to assess such applications.
“In what’s been an unprecedented period of change for the buy-to-let sector, we have worked hard to minimise disruption and maintain a market leading offering. We continue to remain committed to the sector, our landlord customers and to our intermediary partners.”
