Aldermore has revealed how it will approach lending to portfolio landlords when new Prudential Regulation Authority underwriting rules are rolled out in September.
Aldermore will split portfolio landlords into two categories to determine what further information needs to be provided to underwrite the individual case.
Standardised templates will be available for each of the information requirements.
The lender will require face-to-face interviews for cases where landlords have 11 or more mortgaged buy-to-let properties with Aldermore or total borrowing of £1m or more.
