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Salt cuts BTL LTVs to 80%

Salt has cut its maximum loan to value to 80 per cent across its buy to let range.

In an email to brokers it says it maximum advance will now be £500,000 up to 75 per cent LTV and £300,000 up to 80 per cent LTV.

It says rental cover up to 75 per cent LTV will now be 110 per cent, up to 80 per cent LTV will now be 115 per cent.

Salt has also increased pay rates on its fixed rates and its application fee has increased on its lifetime tracker.

The lender has also increased rates on all of its prime status products and withdrawn its tracker products.

Its prime self cert maximum advance is now £500k up to 75 per cent LTV and £300k up to 80 per cent LTV.

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