We are writing to inform you that due to rising interest rates over the previous few weeks, we will be increasing variable and fixed rates across our Complex Buy-to-Let, Commercial and Semi-Commercial product offerings. We are also increasing our arrangement fee across all term products:
We remain committed to offering best in class lending solutions for professional property investors, and our doors remain firmly open to new and existing business to deliver your clients’ funding missions. New rates and arrangement fees will be live from 5.30pm today (Friday 23 June 2023). Any cases submitted must include all applicant/company details, including those submitted prior to the changes going live. If this information is not provided, we will be unable to process the application. Our National Relationship Managers are always on hand to guide your through these changes should you need any support. Please reach out to them with any queries you may have. |
Pipeline |
Pipeline cases will be honoured on the existing rates. As a reminder, all IMOs must progress to valuation within 14 days and all FMOs must be signed and return within 14 days in order to remain valid. Any cases that proceed outside of those timeframes, as published on the IMO and FMO documents, will proceed on the new rates (if applicable). |
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