Abbey launches BTL

Abbey will begin to offer the deals from Monday 13 November.

The proposition from Abbey will offer intermediaries the following BTL features:

* Maximum loan-to-value (LTV) of 85 per cent for loans up to £1 million per property

* 120 per cent minimum rental cover

* No booking fee, free valuation and £250 cashback available for both purchase and remortgage clients on selected products

* Direct access to specialist underwriters to discuss your clients' cases

* Unlimited number of properties up to a maximum portfolio of £5 million.

Ricky Okey, managing director of Abbey for Intermediaries, said: "The trial has been a great success and has proved very popular with the brokers that took part. We have taken on board their feedback and are launching a competitive set of buy-to-let products and criteria. Abbey's entry into the buy-to-let intermediary market is yet another example of our commitment to provide the best products and service to our intermediaries."

The BTL range will include:

* 2-year tracker currently 4.89%

* 3-year tracker currently 4.99%

* 3-year fixed rate at 5.14%

* 2-year fixed rate at 5.19%

* Lifetime tracker currently 5.64%.