According to Mortgages for Business, some 42 of the 49 buy-to-let lenders operating at the beginning of March are still lending despite the impact of coronavirus. Santander, Clydesdale, Precise Mortgages and Kent Reliance have all now restarted lending, despite initially taking a step back. Shawbrook and Paragon meanwhile are using virtual valuations against standard properties up to 75% loan-to-value. Although some lenders are no longer lending to first time landlords, there are still lenders who are.
Lenders that have stopped lending to landlords since include: HSBC; Foundation Home Loans; Together Money; Vida Home Loans; Platform Home Loans; State Bank of India; and Furness Building Society.