TSB has launched portfolio buy-to-let loans for landlords with up to 10 mortgaged properties.
Landlords can borrow up to 75% of the property’s value, with a minimum loan of £25,000 and a maximum loan of £1 million.
Landlords can take out up to five buy-to-let mortgages with TSB, and the initiative is open to landlords for both home purchases and remortgage applications.
TSB mortgage director Craig Calder said: “We are excited to support even more customers with our award-winning mortgages and the launch of our new portfolio of buy-to-let loans helps give landlords more options in managing the costs of their properties.”
Last month Sharia bank Nomo entered the portfolio rental marketand provides loans to residents of countries that are members of the Gulf Cooperation Council.