Jim Selley

With effect from 5.30pm on Tuesday 10 May 2022, we will be increasing our 5 year fixed 75% LTV Buy to Let products.

New Lender with a social conscience

As of Tuesday 10th May 2022, Foundation Home Loans have launched new residential discount products at 75% and 85% LTV, targeted at professionals looking to maximise their income. The new Discount rate products come with one free standard valuation and no ERCs – allowing for greater flexibility.

Accord are withdrawing products across their Accord residential new business range on Tuesday 10th May at 8pm, new products will be available on Wednesday 11th May from 9am.

We’ve decreased our Buy to Let (BTL) stress rate from 5.5% to 4.5%. The changes apply to purchase and re-mortgage with capital raising borrowers, who want to fix their mortgage for 5+ years.

We are delighted to advise that the Bank is reducing interest margins in both Residential and Commercial products (including Mixed-use), with immediate effect, for New to Bank proposals.

Bridging Loans and BTL

By combining the Bridge with a guaranteed Term loan through our Bridge to Let facility, your client can have flexibility AND certainty for their Development Exit.

We are pleased to announce three changes we have made recently to make it even easier for you to offer value to your landlord clients purchasing or remortgaging specialist properties.

As of close of business today Kensington will be withdrawing all Residential and BTL Specials.