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N&P offers BTL mortgages to first time landlords

Norwich & Peterborough is now offering a buy to let mortgage for first time landlords, with immediate effect.

The provider has reassessed its lending criteria to now consider first time landlords to its BTL mortgages.

N&P head of commercial lending Robert Lankey says: They will need to meet all of our standard BTL criteria as well as having a personal income that covers any outstanding mortgages and the proposed BTL mortgage.

“This offers the best possible yield on their new venture and enabling them, if they wish, to start building up a property portfolio.

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