We have launched some exciting new limited editions products (remo only) and dropped pricing across majority of existing products.
The Select Partner range is exclusive to you as a recipient of this email and other brokers do not receive the same product offering.
Particular Highlights to look out for;
COMMERCIAL – 5yr fixed 6.99%, 2% fee @ 75% LTV ! (remo only EPC A-C)
COMMERCIAL – Pay rates start at 6.19% (Owner Occupier) or 6.39% (Investment)
SEMI-COMM – 5yr fixed 6.64% or 6.79% 2% fee @ 75% LTV (Resi value >55% & Loan size dependant)
SEMI-COMM – Pay rates now start at 5.64%, cheaper than BTL!
Criteria Re-cap;
- Min loan £150k , no max
- 75% LTV available at all times
- ICR always 125% @ pay rate (on every comm and semi-comm product)
- Investment and Owner Occupier (Trading co or OPCO/PROP CO)
- Layered companies, SIPPs/SASS, Discretionary Trusts/Will Trusts/Bare Trusts
- Max term 30 years Interest Only (no need to cap at 10 years for example)
For commercial always check EPC rating, it drives better pricing C+
For semi-comm always check resi value split, it drives better pricing
For semi-comm £1m+ loan size equals a better pay rate
Core Property appetite;
- Retail
- Restaurant/Takeaway
- Offices
- Light Industrial
- Surgeries, Dentists, Pharmacies, etc
- Childcare Day Nurseries
- Good Alternative use is the key !
Remember some products are limited edition, once they are full they are gone. Speak to anyone you’ve been quoting who may qualify for these lower rates, improved stress testing and might help them borrow more if they couldn’t get enough out.