ALL LENDER UPDATES

At Kent Reliance for Intermediaries, they know that every case is different and whilst some lenders may not be able to help, they see the potential and cut through complexity.

Bespoke Proposition

Happy Wednesday, some great news, The Family Building Society have reviewed their BTL SPV criteria and they have now REMOVED their requirement that for a BTL SPV case there could be no more than 3 other properties within it. In the current market this was overly restrictive and has now been taken out so they can accept a broader range of portfolio landlords for new cases.

Skipton has confirmed that it will be taking a proactive approach to ensure its customers are able to meet the future EPC requirements.

MFS are excited to bring their 15 years of specialist ‘can do’ lending expertise and DNA into the Buy-to-Let market to help you support your clients in getting the loan they want, when they need it the most. This is a very innovative product that allows the property buyer flexibility and agility when making repayments.

Foundation Home Loans will re-fresh it’s current BTL & Limited Company products on the morning of 17 Feb 2022. They will withdraw 50 products; 24 of which will be re-launched with new rates, short-codes and some with updated fees. There is also a new product; F1 2 year discount at 80% LTV being launched for

TSB has temporarily withdrawn Residential 5 year fixed, 0-85% LTV, products effective from Wednesday 16 February 2022.

West One have some important news about pricing and changes to their product range.

Harpenden BS manage complex cases, offer bespoke solutions and provide flexible underwriting. 

Tuscan Capital are offering an enhanced commission incentive running until the 31st March.  This will be for deals committed with Tuscan, completing before May 31st.