We are delighted to confirm that we are making a number of changes to our range, today, Friday 2 August.
We have just released, to you, 2 NEW SEMI exclusive products for BTL applications which are cheaper than our standard product range available direct, which also benefits from a £0 application fee (instead of our £175). Free valuations on properties up to £500k, and £500 Cashback for Remortgages.
BTL Semi-Exclusives: UK Landlord & Limited Company fixed rates
The following products will be made available for new business remortgage & purchase applications:
We have also reduced our Residential product rates by up to 20bps!
Core OO: Reductions to repayment (10bps) and interest-only (20bps) fixed rates
- 10bps reductions to Core 2 & 5-Year Fixed Rates for repayment mortgages
- 20bps reductions to Core 2 & 5-Year Fixed Rates for interest-only mortgages (both semi-exclusive and generally available)
Please find the update product sheets attached. The BTL products are on a limited tranche basis and once it is gone, it is gone so please communicate this out to your broker networks as I think there will certainly be a bit of competition on this. I am happy to help your marketing teams with draughting up any advert you may want, just let me know
As a reminder for our BTL criteria:
- We have NO MINIMUM INCOME
- NO BACKGROUND STRESS ON A PORTFOLIO#
- THE CLIENTS CAN BE UP TO AGE 89 AT APPLICATION.
- For the LTD COMPANY products – As it’s a max 60% LTV – we can consider NO PG’s on this product as well.
If you need to discuss any cases, please do not hesitate to get in touch!
Nathan Waller
Business Development Manager
M: 07387040895