Vernon Building Society has re-introduced top-slicing to its buy-to-let products.

The lender says this will offer more flexibility to landlords who have a personal income.

It has also launched two new holiday let products – three-year discounts that start from 1.71 per cent and charge a fee of £1,499.

Alongside these moves, Vernon has increased the maximum LTV available for BTL products up from 70 per cent to 75 per cent LTV.

Vernon head of mortgage and savings distribution Brendan Crowshaw says: “Vernon is very experienced in the BTL market and our new product range adds depth and breadth to our proposition.

“We know that top-slicing is an important and useful tool for some landlords who want to boost their buying power or refinance their existing mortgage.”