ALL LENDER UPDATES

CHL are back lending

With the pandemic still casting a dark shadow over some of our favourite sunshine destinations abroad, arranging a ‘staycation break’ remains popular, it looks as though many people are increasingly looking closer to home for a ‘realistic’ holiday option.

Foundation Home Loans, the intermediary-only specialist lender, has today (6th July 2021) launched a set of Green ABC mortgage products specifically for buy to let purchases.

The new range consists of three new two-year variable discount rates available to individual landlords as well as limited companies seeking to purchase a property on a variable rate without early repayment charges, and are priced according to the EPC rating of the property, starting as low as 1.99%.

As of today, Thursday 1st July, we have increased the maximum value of the total portfolio that your portfolio landlord can hold with us as standard from £3 million to £5 million.

All things Bridging and Development Finance

Exciting news! Allica Bank is launching a limited-time offer on our commercial owner-occupied mortgages. For the next 8 weeks, we are committing to lend an additional £50 million to SMEs at a margin of 3.50%.

Unfortunately Lloyds have had some technical issues with Teams this morning…

Current Sector appetite

Regulated Unregulated Bridging and Commercial Projection led loans

Zephyr has launched a new 80% LTV buy-to-let product exclusively for Connect and their other packager channels…