ALL LENDER UPDATES

Kensington’s Low Deposit mortgage solutions For your clients who are first time buyers and/or have a smaller deposit Up to 95% LTV rates available Right to Buy up to 100% LTV of the discounted purchase price Shared Ownership 85%, 90%, and 95% LTV options, subject to affordability New Build up to 90% LTV of houses […]

Family BS Buy-to-Let Limited Company mortgages are available to landlords with any number of properties in their portfolio Buy to Let Limited Company mortgages have become increasingly popular over the past few years due to tax changes. Why choose a Buy-to-Let Limited Company mortgage over a Standard buy-to-let mortgage?  No Income Tax on rental income

We value the business you place with us, which is why we’re pleased to announce that we will now pay a new business proc fee on all completed further advances. Proc fees will only be eligible for payment on applications received from today (18th April 2024) where a payment is quoted on the illustration, and

In case you missed it,  Lendinvest have some great bits to talk about: Free val on small HMOs up to value of £500k FTL now acceptable for small MUFB up to 6 units Hybrid HMO/MUFB properties Agreeing more properties next to commercial Refurb to let at 85% with free legals and Val on the exit

Atom Bank have reduced rates across their Near Prime range: 2 Year products reduced by 0.10% – 0.30% 5 Year products reduced by 0.15% – 0.30%. We’re also introducing a new 3 Year range, with rates starting from 5.99% and available up to 85% LTV. Remember We’re a whole bank packed into an app. So

Shawbrook have good news! Effective immediately, we’re reducing our rates for Complex Buy-to-Let cases between £1m – £5m. Rates have been reduced by up to 30bps across our Complex and Limited Edition Buy-to-Let products, which now start from 5.44%. This rate reduction swiftly follows the launch of our Structured Real Estate team and offering, with new dedicated pricing

Buy-to-Let by Foundation has launched a brand-new group of products – The Buy to Let ‘pound-for-pound’ (£4£) remortgage. These new products appeal to higher rate tax-paying landlords who are looking for 2-year fixed rates, who can now remortgage on more favourable terms without being subject to higher ICR cover, or the stress rates typically required

You may have seen that we can help first time landlords with MUFBs and HMOs now. First time Landlord criteria (personal and limited company) Max 75% LTV Standard let properties HMOs up to 6 bedrooms MUFBs up to 6 units Minimum application income £30,000 (FTL only) No adverse credit One applicant must own residential property

Please see below a link to an article penned by Barclays analysts and some commentary from Mark Arnold. It’s a good read and inciteful helping your members with their conversations. https://home.barclays/news/press-releases/2024/04/new-barclays-data-reveals-mortgage-and-rental-payments-stabilise/

Accord’s new £5k Deposit Mortgage – helping first time buyers buy their first home, faster  We’re excited to announce the launch of our new and innovative £5K Deposit Mortgage. This unique product is designed to help your first time buyer (FTB) clients purchase their first home faster with just a £5K deposit and is available