Owner Occupied – Launch of 90% LTV
BTL – rate and fee reduction
Limited Co BTL – relaunch to market
We are delighted to announce a number of product changes to enhance our range and help you better meet the of your clients, including lower arrangement fees on our new BTL products for a limited time only.
- First Time Buyer 3.77% 2 year fixed until 31.08.2023 90% LTV no Arrangement fee
- First Time Buyer 4.07% 5 Year fixed until 31.08.2026 90% LTV no Arrangement fee
- Owner Occupied 3.57% 2 year fixed until 30.09.2023 90% LTV Arrangement fee £999
- Owner Occupied 3.77% 5 year fixed until 30.09.2026 90% LTV Arrangement fee £999
Buy To Let Range – all with a reduced arrangement fee for a limited time only!
- Everyday BTL 3.47% 5 year fixed until 31.08.2026 75% LTV Arrangement fee £999
- Limited Co. BTL 2.87% 2 year fixed until 30.09.2023 75% LTV Arrangement fee £999
- Limited Co. BTL 3.47% 5 year fixed until 30.09.2026 75% LTV Arrangement fee £999
Limited Company Buy to Let: Key Points
- 2 Year fixed rates: Rental cover 125% of either pay rate +2% or 5.5% whichever is higher
- 5 year fixed rates: Rental Cover 125% of pay rate
- Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees can be added to the loan for debt for debt remortgages
- Property must be let on an AST
- Rental assessment is based on occupation by 1 family on an unfurnished let
- For portfolio landlords the maximum LTV INCLUDING fees is 75%
- No time limit as to how long registered i.e. new SPV’s allowed
- All Shareholders in the Company must be named as Directors
- Personal Guarantees for total borrowing (plus accrued interest & costs) taken from all Directors
- Maximum of 4 Directors – individual credit checks will be undertaken
- Details of all properties each Director has an ownership in (either in own name or a business name) must be provided.