ALL LENDER UPDATES

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

YBS announce a new Buy to Let tracker product, to give portfolio landlords more choice and flexibility in a volatile environment.  Ideal for clients looking for an alternative to a fixed rate! See below for more details. Our new BTL Tracker Key criteria: Variable rate of 6.75% (Bank Base Rate (BBR) + 1.50%) for 3

As of today, Thursday 11th April, Foundation Home Loans have released new rates across our entire Residential range. Residential by Foundation: NEW F1 5 Year Fixed Limited Edition product available up to 80% LTV with a £1,295 fee and max loan amount of £750,000 with a rate of 5.99% REDUCED F1 and F2 Special Fee

UTB relaunch Residential products.  To help explain what it all means. Long story short, UTB base lending decisions on the credit profile of the customer, not the property type or complexity of their income. They have designed 3 new products for our residential range:  Prime Plus This customer is probably coming to UTB because they