Vernon Building Society has launched five new mortgages under its buy-to-let (BTL) range and made changes its lending criteria for landlords.

The new products are all available at up to 75% LTV and comprise:

• A two-year discount with an initial rate of 2.99%, with £999 fee
• A three-year discount with an initial rate of 3.29% with £999 fee. This is offered to individual and limited company landlords.
• A five-year discount offering an initial rate of 2.49% with £1,499 fee.
• And for limited company landlords: A two-year discount with an initial rate of 2.99% with a £999 fee
• A five-year discount with an initial rate of 2.49% with £1,499 fee.

The criteria changes mean the lender’s BTL offerings are now available to non-owner occupiers, first-time landlords and first-time buyers as individuals or limited companies and via let-to-buy.

Vernon head of mortgages and sales distribution Brendan Crowshaw comments: “We’ve listened carefully to brokers and added these products to meet the needs of your clients.

“Our practical approach to underwriting means we’ll treat each case individually and look for ways to say yes where possible.”