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  • Consumer


4th May 2020

Brightstar are still able to help you find solutions for your clients across all specialist lending:


Specialist Residential Mortgages

  • Up to 95% LTV still available. Help your clients with smaller deposits.
  • Self-employed with only one year’s trading up to 85% LTV. Purchase and re-mortgage available to all self-employed applicants with evidence still trading. Self-employed rates from just 1.75%.
  • Self-Build Mortgages – enable self-builders to build a new house or refurbish an existing structure to live in. Available up to 80% of purchase price, with 80% of build costs & 80% GDV at a rate of 4.19%. 100% of build costs available for applications up to 65% of purchase price & 75% GDV at a rate of 3.99%.


Complex Buy to Let Mortgages

  • MUB’s & HMO’s up to 70% LTV (full valuation required). Rates available from 3.75%. Get your clients ready to proceed!
  • Capital raising available up to 75% LTV on BTL property with a suitable explanation for use of funds. No maximum loan and rates from 2.75%.


Second Charge Mortgages

  • No credit score required & unsecured arrears ignored (arrears must be cleared before completion). Up to 75% LTV (Employed) & 65% LTV (Self-Employed). Rates from 3.85%
  • 100% of overtime & 50% of commission income can be used – if paid monthly and a track record can be evidenced through previous years P60.
  • No security checks required – can now complete electronic customer verification using facial recognition technology. COVID-19 proof!


Bridging & Development Finance

  • Short term lending solutions available on either a 1st charge or 2nd charge basis.
  • Heavy refurbishment bridging. Up to 100% of refurb costs available, subject to a maximum of 65% LTGDV. Works are funded in staged arrears. Rates from 0.89%.
  • Developer exits up to 65% LTV with no upper loan limits. Rates available from 0.48%.
  • Valuation re-types considered (case by case) where a desktop valuation is not acceptable.


Commercial Mortgages & Business Cash-flow solutions

  • Coronavirus Business Interruption Loans. Available up to £250,000 to manage the financial impact of Covid-19. Nothing to pay for 12 months, providing an opportunity to help more clients, the SME market and the UK economy.
  • Semi-Commercial Mortgages up to 70% LTV. Rates available from 4% + base rate.


*Please be aware! Interest rates and Loan to Values may vary dependant on case specifics.