Reminder! 2 NEW SEMI exclusive products for BTL applications which are cheaper than our standard product range available directly, 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!
Kind Regards,
Nathan Waller
Business Development Manager
M: 07387040895
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