10 Year Fixed Rate Products – Semi Exclusive available to individuals and limited company (SPV).
Connect are the only Network to have access to this product due to our internal packaging team; all other Network AR;s will need to use a 3rd party packager, therefore giving you a competitive advantage.
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Standard property |
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Lending Criteria
- No min income for landlords with > 24 months experience (All income must be proved)
- England & Wales
- Day 1 Remortgage
- 10 year fixed rates calculated at payrate
- Up to four applicants
- 10 year products are for new business only
Accepted properties
- Small HMO – up to 6 beds
- Up to a maximum 10 stories
- Ex Local Authority flats – Max 5 storeys
- Ex Local Authority – Above commercial considered
- Listed building – Grade 2 only
- Properties used for student accommodation – Max 70% LTV
- New build – Max Loan size outside M25 – £500K
- New build – Max loan size Inside M25 – £1.5M
- Green mortgage range properties must be EPC rated A to C
Further Advances
Further advances are available during the 10 year term
- Max 2 further advances
- Min Loan size £25,001 per advance
- First further advance after 36 months
- Final further advance before 96 months
- Standard product and credit criteria will apply
- Interest rate offered will be based on market rate at the time of application
- LTV of the total advance can be no more than the max agreed for the scheme
Exclusions: Ex-pats, holiday lets & trading companies, Landlords with less than 24 months experience, MUFBs, Properties greater than 2 acres, Converted office buildings, Property value greater than £5m, Reversion rate 5% + BBR