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NEW LIMITED DISTRIBUTION BUY-TO-LET MORTGAGE PRODUCT

This product range offers your portfolio landlord clients' 5-year fixed rates from 3.89% and lifetime tracker rates from 3.79% with a fixed pay rate and no ERCs

 

Borrower types:

  • Limited companies
  • SPVs
  • Complex structured SPVs considered
  • Personal names
  • Ex pats considered

 

Property types:

  • Houses
  • Leasehold flats and maisonettes
  • New builds
  • HMOs
  • Multi-unit freehold blocks, above or next to commercial and holiday lets

 

Criteria highlights and features:

  • Lending available up to £15,000,000
    • 75% LTV to £10,000,000, 70% LTV £10,000,000 to £15,000,000
  • Maximum lending on single asset – £2,000,000
  • Minimum portfolio submission amount – £1,500,000
  • Block exposure considered up to 100% of block – block discount may apply
  • Background portfolio assessed at 100% rental coverage
  • Generous ICR calculations
    • 125% basic rate & Limited company borrowers, 135% HMO/MUB properties, 140% higher and additional rate tax borrowers,
    • ICR stress at payrate on 5-year fixed, 5% for lifetime tracker
  • Portfolio application and legal fees – can be reviewed on case-by-case basis

 

Action:

We offer a name and telephone number referral service or the traditional packaged route and pay a generous share of the enhanced lender proc fee in either scenario. And with our strict no cross-sell guarantee, you can relax in the knowledge that your client will remain yours.

 

FOR FURTHER INFORMATION OR TO OBTAIN TERMS FOR YOUR CLIENT:

Give us a call on 01277 508 959 or complete the form on the right and we’ll take it from there.

 

 

Subject to status.  Products and criteria are subject to change or withdrawal at any time. 

Some aspects of buy-to-let lending are not regulated by the Financial Conduct Authority.

FOR INTERMEDIARIES ONLY

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