Happy New Year From All At CHL
With the New Year comes some criteria enhancements:
- Day 1 remortgage with new market value and capital raising off of bridge or cash purchase considered
- Studios now accepted to 30m2
- Multi-unit min Valuation reduced to £150k
- Individual High Rate tax payer stressed at 140@
- Ltd Co rates from 2.69%
- Minimal underwriting on Portfolios
- STD Panel Solicitors allowed to act for both sides on Ltd Co applications
And Please remember:
- Unlicensed HMO’s on STD products
- Freehold/Leasehold connection allowed
- Inter company sales
- Inter company loans allowed for deposits
- We can lend on 100% of a block of 10 leasehold flats
- Inter family sale with gifted dep/equity
- Flats above shops considered
- XLA flats considered to 70% LTV
Please call/email Paul Flude here for more details or to discuss a specific application.