Woolwich has enhanced its buy-to-let proposition with a new fast track service.

For loans up to £500,000 and with a maximum loan to value of 75%, proof of income is no longer required.

For loans greater than 75% LTV or where the maximum aggregate buy-to-let borrowing is between £500,001 and £1 million, only the latest payslip and personal bank statement for the principal applicant are required.

No documentation is required from second and subsequent applicants, and a copy of the letting agreement is no longer required..

Andy Gray, head of mortgages at the Woolwich, said: “Our simplified lending policy builds on the changes we made in September to rental calculation. With today’s improvements we think we now have a market leading proposition which shows our commitment to this market.” 

For all the latest buy to let mortgage rates www.Mortgage-Shop.co.uk