First time buyers need support. And we’re here for it.
New 5-year Shared Ownership 
Reductions on 95% Resi and 2-year Shared Ownership
And in our specialist niches…
Holiday Let 5-year down 10bps
Expat BTL 5-year down 29bps
The housing market needs first time buyers to keep it moving. And they’re finding it tough! So we’re offering three product changes to help your clients with affordability.
We hope by now you know how strong we are on expat and holiday let. Our helpdesk, BDMs and underwriters really know their stuff, from currencies and haircuts, to which locations we’ll accept for holiday let.
If we can help with something a bit complex, we’ll always use common sense to get your case across the line.
NEW PRODUCTS available from 27 June 2024.
- Resi 95% LTV
5 Year Fixed at 5.39% (-10bps)
Shared Ownership 95% LTV
- 2 Year Fixed at 5.60% (-15bps)
- 5 Year Fixed at 5.25% (NEW PRODUCT)
Expat BTL 80% LTV
- 5 Year Fixed at 5.80% (-29bps)
Holiday Let 80% LTV
- 5 Year Fixed at 5.69% (-10bps)
Five rules we live by:
- Manual underwriting: option to gain pre-DIP agreement.
- Income: multiple sources used for affordability, including pension, rental, investment. 5.49x income multiple when an applicant earns £100k+.
- Overpayments: 50% ERC free on all products.
- Property: we’ll consider annexes, flats above good quality commercial
- We credit check, not credit score.
We’re here to help.
We can’t list everything we accept, so if you want to find out more, or have a case in mind, either contact your BDM directly or the team on 0330 123 1073.