ALL LENDER UPDATES

As you may know, the Bank of England increased their rates last month and here at Molo, we continuously review our pricing structure to ensure customers get the best service and value. Therefore, we’re making changes across all of our Buy-to-let product range with our Individuals and Limited Company, 2-year and 5-year fixed rates starting from 3.10%.

With effect from 5.30pm on Monday 11 April 2022, we will be making changes to our products for all loans above £1m across our Residential Range with new products going live on Tuesday 12 April 2022.

As of today Allica will be launching Fixed Rate Mortgages. We’ve had a lot of requests for these from our broker panel, in particular with base rate continuing to rise, so I am pleased we’ve been able to deliver upon this for you at such a crucial time.

I am excited to tell you that as part of OSB Group, we’ve enhanced our bridging range in Precise Mortgages as well as re-introduced bridging finance into InterBay, to provide you and your clients with even more bridging solutions.

The good news? We’re telling you about it now so you still have time to send applications to us and secure our current rates.

In light of the recent increases in the Bank of England Base Rate we will be increasing our Standard Variable Rate from 0.55% to 0.80% with effect from Friday 8th April. Variable Rate Loans All of our residential second charge variable rate products (including existing pipeline cases) will increase by 0.25% with effect from 8th

As of 7th April 2022, Foundation Home Loans are offering a new BTL Green ABC+ range exclusively for properties with EPC rating of A-C. The new Green products include one free valuation and come with a 1% product fee.

Struggling to find a lender that is comfortable financing multi-unit blocks? Look no further, at West One we apply an individual approach to underwriting ensuring each case is reviewed on its own merits.

Thank you once again for the strong interest in our latest BTL Limited Editions where we have now reached our allocated tranche size. The following products will therefore be withdrawn from 6.00pm on Wednesday 6th April.

Josh Compton & Chelsea O’Grady from Allica Bank join Kevin at next week’s Kick Off Meeting at 9.30am Monday 11th April to discuss the successes of Allica Bank their current appetite