We would like to inform you of our recent Buy-to-Let rates and criteria changes.
Rate Reductions:
- We have made reductions across the entire BTL range of up to 0.45%.
- We have a range of products that cater from personal name and limited companies’ applications for Standard property types, all the way through to Specialist properties, including HMO’s, MUB’s & Holiday lets, to Complex borrowers including Expat, Foreign Nationals and First Time Buyers all available on properties located in England, Wales, and Scotland!
AVM:
- The introduction of AVMs being used on our Standard Limited Edition range products to save the need for a full internal valuation. This is available on remortgages up to £500k to 65% LTV (other criteria applies).
- This exciting new change will help progress cases quicker for clients as they wouldn’t be reliant on the availability of third-party valuers, with eligible cases making savings of up to £860* in valuation fees.
Stress Rate:
- We will be reducing the stress rate to 6% for our 2-year fixed and variable products. 5-year fixed deals are still stress at payrate, with rates starting from 4.24%.
For more information on any of the above, please view our Buy-to-Let product guide here.