TSB has launched portfolio buy-to-let lending for landlords with up to 10 mortgaged properties.

Landlords will be able to borrow up to 75% of the property value, with a minimum loan of £25,000 and a maximum loan of £1 million.

Landlords will be able to have up to five buy-to-let mortgages with TSB, and the initiative is open to landlords for both house purchase and remortgage applications.

TSB director of mortgages Craig Calder said: “We’re delighted to support even more customers with our award-winning mortgages and the launch of our new portfolio buy-to-let lending helps give landlords more options in managing the cost of their properties.”

Last month sharia bank Nomo entered the portfolio landlord market, and lends to residents of countries in the Gulf Cooperation Council.