HSBC has overhauled its buy-to-let mortgage range and is making the products available to non-HSBC customers for the first time. The new range will also see the rental cover requirements reduced from 130% to 125%, and the maximum LTV available on further advances increase from 60% to 75%.

Buy-to-let mortgage applications will also be assessed on a rental income basis only.

New 60% and 70% LTV deals will be available as part of the range, as well as a £349 booking fee option and discounted booking fees of £99 for HSBC customers with either a Premier or Advance bank account.

HSBC head of mortgages Tracie Pearce said: “The availability of buy-to-let products is now at its highest point since 2008. High rents and low interest rates mean customers are increasingly seeing buy-to-let as an attractive investment opportunity. The policy and pricing changes we have made will make our range available to even more people.”