We’re delighted to announce we have launched our Shared Ownership (purchase only) proposition as well as a Large Loans & Interest Only range.
These new product ranges provide further opportunities to help your clients who may have either a smaller deposit or are looking for greater flexibility with how much they can borrow, as well as more choice when it comes to how they repay their mortgages.
Highlights of our new products include:
Shared Ownership
- Loans up to 95% of share purchased subject to a maximum 75% LTV against open market value
- Self-employed assessed on most recent year’s figures, and one year’s trading considered
- Complex incomes and credit blips considered (see criteria/product guide)
Large Loans & Interest Only range
- Loans available between £500,000 and £1,250,000
- Interest Only (up to 75% LTV)
- Sale of residential property acceptable repayment method
- Up to 5x LTI on Large Loans, if loan is greater than £1m on a Capital & Interest Repayment basis only
We’ve also made some technical changes which have been designed to provide more options and support for your clients, including:
- Non-advised BTL applications now accepted
- Online Product Transfers now available