Offa have made some impactful and significant enhancements to our criteria: Key Changes: First Time Buyers Allowed Stress Rates Simplified: Applicable stress rates: <5 years = Pay rate plus 1% 5 years of more = Pay rate Overall Portfolio stressed at the average of current 5-year Fixed rate products (currently 6.6%) Age Minimum at time […]
Offa’s Significant Criteria Enhancements! Read More »
It’s safe to say 2024 will have felt like a whirlwind for many advisers. While August saw the first reduction to the Bank of England’s base rate in 12 months, inflationary pressures continued to cause trouble, combined with the ripples from the first Labour budget in 14 years, which initially appears to have knocked consumer
Take a look at some of the things Lendinvest has been doing & do! Buy-to-Let Lend to trading companies & SPVs – see attached SIC code list. First time landlords on HMOs & MUFBs HMOs: No communal areas required, multiple kitchens/bathrooms acceptable, commercial valuer instructed for heavily adapted or over 6 beds Day 1
Whilst using the Case Management team to submit your cases works great for most advisers, there are occasions where firms may want to take on the responsibility for ensuring the DIPs and Applications are submitted accurately and the case quality is maintained. Therefore, we have amended our process to allow certain Controllers or Advisers, to
Controller DYA Process Read More »
We’re delighted to announce that we have taken the decision to increase our gross procuration fee for new business from 0.5% to 0.55% effective from Friday 31st January 2025. At Fleet, we are acutely aware that the workload for advisers continues to grow, particularly in a highly competitive marketplace. We understand that regulation such as Consumer Duty requires
Fleet Mortgages | Good news: We’re Increasing our Procuration Read More »
Family BS have launched a new range of Owner Occupier Interest-Only and Buy to Let products. We’ve also recently made changes to our lending criteria. Our maximum LTV has now increased from 70% to 75% across all UK Landlord (including Offset), Limited Company and Expat Buy to Let products. Applications for Multi-Unit Freehold Blocks (MUFBs) will continue
Family BS | Mortgage Product Update Read More »
We are excited to announce that we are launching a new valuation service for second charge applications, to help reduce the time to completion for a significant number of borrowers. With immediate effect, all of our broker partners will be able to select a desktop valuation as an alternative to both drive by’s and full
Introducing Desktop Valuations Available Exclusively From West One Read More »
Limited Editions Range expanded with 6% and 7% fee options. 2-year fixed, 75% LTV from 3.12% 5-year fixed, 75% LTV from 4.76% Rates for the wider CHL 1 range start from just 2.98% with broad LTV and fee options available. CHL 2 Rate drop! Standard Buy-to-Let and Small HMO/MUFB rates reduced by up to 30bps in our flexible CHL 2 range. 2-year fixed now
Limited Edition Range Expanded + CHL 2 Rate Drop! Read More »
Landlords can now apply to remortgage their buy to let properties to Aldermore the day after purchase. Helping landlords quickly change their finance model to better suit their needs. Why would my client want to remortgage early? If the property was purchased using bridging loan or cash. If the landlord has quickly enhanced and /
Aldermore | Day one Buy-to-Let Remortgage Read More »
Keystone Property Finance are a specialist buy to let lender who help brokers find solutions for an array of different client and property scenarios. They lend to landlord clients who are looking to borrow both personally or through a variety of corporate structures including Trading Limited Companies, SPVs and LLPs. Keystone offer a wide range
Keystone Property | Looking to Place New BTL Cases? Read More »
