Great news for your BTL clients! Today we launch our new product range (Friday 24 July), which will be live on our Online Portal from 9am. Our streamlined range features reduced rates on many products, new zero product fee options and we’ve increased most of the maximum loan sizes across the range. Additionally we are pleased to announce we have increased the maximum LTV on our Specialist products up to 75%.
We’ll be announcing this to the wider market from Monday 27 July, but as one of our key partners, we wanted to give you advance update of these positive changes to our range. Please note – there might be a slight delay for when the new range goes live on sourcing systems, so your brokers should refer to our website for full details.
Key changes summary
- Rates reduced across most of the range
- New ZERO product fee products across whole range
- Streamlining of the range – with removal of 7 Year fixed products
- Increase in most max loan sizes with max LTV on Specialist products now 75%:
- Standard products and Specialist HMO & MUFB products available up to 75% LTV, with Max Loan size of £1.5m to 70% LTV and £1m to 75% LTV.
- Specialist New Build & Flats Above Commercial products available up to 75% LTV, with Max Loan size of £750k
- Removal of outside M25 loan limit for New Build
Please add the latest information and documents to your lender pages where relevant, from tomorrow.
As ever, brokers can find details of how to contact us on our website – including numbers for our BDM team. I hope this information is useful for you and your members, any questions please let me know.