Quantum Mortgages will be refreshing the current product range on Monday 16th January 2023.
All fixed rates will reduce by 0.75% across the board (current range of discount trackers remain unaffected). Fixed rate completion fees will be standardised at 1.95% across all ranges and the current £99 valuation incentive on single unit products will be withdrawn.
Any applications on the current range of fixed rates must be submitted before 9am on Monday 16th.
In addition to the reduction on all fixed rates, I’m pleased to confirm the following improvements to our lending criteria:
- The maximum loan on our specialist range has been increased from £500,000 to £1Million.
- Acceptable property types in Northern Ireland have been increased to include Freehold HMO and Multi Units up to 6 beds.
- We now have the discretion to use an average of actual rental income for qualifying holiday lets.
- Ex Pat and Foreign Nationals are no longer required to own a UK BTL for lower LTV applications and the minimum loan has been reduced to just £25,001.
- The maximum Loan to Value for properties in the south of England has been increased to 75% for loans up to £1 Million.
For more information please contact your Quantum Mortgages Key Account Manager.