Broker & Intermediary Briefing

New BTL Loan

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New BTL Loan – 80% LTV flexible overdraft

What to know about the new 80% LTV Buy to Let Loan

The only flexible overdraft product with no drawdown or non utilisation fees secured on personally owned BTL’s.

What’s new

Flexible overdraft option for the first 12 months of the loan – cheaper and better than bridging
No minimum draw down – agree the facility and draw / repay it when needed without penalty
Unlike similar products this is available to landlords owning property personally

Key selling points

80% LTV Second Charge term loan secured on BTL property
Ok for personally owned or SPV Buy to let landlords (similar products are SPV only)
Rates start at 4.6% – (cheaper starting rates than others)
£25,000 to £1,000,000
Max age at end of term 85
Use for deposits, property refurbs, developing other property, business, debt consolidation

We think it’s the cheapest Buy to Let loan out there which also goes to 80% LTV

Other main points

Up to 4 applicants
Property security located in England or Wales
125% DSCR
The minimum age of the Primary applicant is 21 years. Other applicants 18 years.
The Primary applicant must have a minimum personal gross income of £20,000 ( can be employment, self-employment, pension (private or state) or investment income.)
Where the loan is being used for debt consolidation, creditor details are not required.
Maximum loan term is 25 years. Minimum is 3 years.
Must be a freehold, share of freehold or leasehold house, or a leasehold flat or maisonette, with remaining term of lease of at least 85 years at the valuation date and at least 65 years unexpired at maturity of the loan term.
A copy of the current Assured Shorthold Tenancy (AST) agreement will be required. The AST must be for a period between 6 to 36 months. Rolling monthly tenancies are not acceptable.
Corporate lets are not permitted (including contracts of any kind with a Local Authority or Housing Association) CBTL, Holiday or Airbnb lets are not permitted.
After 12 months applicants can apply to extend the facility subject to underwriting

Talk to a Promise Money adviser for more details

Pages which others have found useful…

Mortgages and BTL Guides Bad Credit BTL Bridge to Let Mortgage

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Intermediary Guidance for Flexible Btl Overdraft

Structuring competitive terms on flexible btl overdraft for your clients requires direct access to specialist underwriters. In addition, our intermediary lending desk works directly with over 90 specialist lenders across the UK.

Consequently, partnering with Promise Money ensures whole-of-market broker access, transparent procuration fees, and rapid decisions in principle for your client cases.

Specialist Underwriting & Whole-of-Market Access

Because specialist lending facilities require bespoke underwriting, comparing lenders across the UK is essential. Explore our complete guide to Secured Loans Desk to understand how different lending criteria apply to your requirements.

Promise Money is an independent credit broker authorised and regulated by the Financial Conduct Authority (FRN 681423). Our experienced team reviews your specific circumstances to secure optimal terms across 90+ UK lenders.

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Key Takeaways: Flexible Btl Overdraft Broker Briefing

Additionally, partnering with Promise Money gives intermediaries whole-of-market access across 90+ specialist second charge lenders.

Furthermore, direct access to our specialist underwriting desk protects client relationships while guaranteeing transparent and competitive proc fees.

Consequently, complex borrowing scenarios—including high LTVs, adverse credit, or complex income—are structured efficiently without delays.

Therefore, introducers can submit case details directly online or via phone to secure rapid Decisions in Principle.

Specifically, second charge homeowner facilities are assessed with commercial speed to meet critical funding deadlines.

Moreover, comprehensive lending criteria checklists ensure client applications are fully structured prior to lender submission.

In addition, dedicated underwriter communication guarantees updates at every milestone from enquiry through to completion.

Crucially, keeping existing low-rate primary mortgages completely untouched saves your clients thousands in remortgage penalty fees.

Key Criteria & Application Guidance

In practice, our intermediary team handles valuation queries and legal liaisons so you can focus on client advisory.

Above all, whole-of-market access allows you to place non-standard cases that mainstream high street lenders routinely decline.

As a result, your brokerage delivers reliable capital-raising solutions even for complex homeowner borrowing requirements.

After all, working with an established specialist credit broker with 35+ years experience protects your professional reputation.

Meanwhile, dedicated broker portal tools provide real-time tracking on survey sign-offs and fund disbursements.

Indeed, high LTV options up to 100% or more allow clients to unlock needed capital without moving home.

Finally, dedicated support ensures buy-to-let second charges and commercial referrals complete without administrative friction.

Unlike traditional broker networks, Promise Money requires zero membership fees or exclusive volume commitments.

Fortunately, third charge facilities and equitable charges provide flexible alternatives where first charge consent is restricted.

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