NEW UPDATE – Round-up of all the Precise, Kent Reliance and Interbay launches
Later today, both Precise Mortgages and Kent Reliance for Intermediaries will be increasing the LTV on buy to let and residential mortgage products to 70%, on properties valued up to £750k, using desktop valuations.
Yesterday, InterBay Commercial announced the launch of a new semi-commercial product range, available for properties up to £1m at 60% LTV. Whilst physical valuations remain unavailable due to government restrictions, semi-commercial applications will be underwritten up to the valuation stage and held until restrictions are lifted. Also, a new buy to let product range is now available for properties up to £1m at 70% LTV – the buy to let range comes with free desktop valuations.
And finally, on Tuesday, Precise Mortgages relaunched second charge loans up to 50% LTV with a maximum loan size of £200k and bridging loans up to 50% LTV with a maximum loan size of £375k.