Imogen Williams, Regional SalesManager from MFS joins Kevin at next week’s Kick Off Meeting at 9.30am Monday 9th May to discuss their newly launched BTL proposition together with their revised Bridging criteria
Bridging
- Residential Investment and Buy to Let Single Property: Maximum loan has increased to £4m from £1.5m
- Large Loan: Minimum Loan increased to £4m from £1.5m and Maximum Loan is £50m
- Permitted Development Bridge and Light Development Finance: Maximum term has increased to 24 Months from 21
BTL
- Tier 1 Pay Rate: Reduced to 3.29% from 3.79%
- Tier 1 & 2 Rate Deferral: Increased to 1.5% from 1%
- Tier 3 & 4 Rate Deferral: Increased to 2% from 1% and 1.5% respectively
- Rolled Up: now up to 9 months from 6 months (max 6 months for 2 year BTL and max 9 months for 3 year BTL)
Log in details:
Kick Off the Week with MFS
Mon, May 9, 2022 9:30 AM – 10:15 AM (BST)
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