Buy-to-let rate drops

by | Jan 11, 2024 | Products

Buy-to-let products:

 

Standard product

Key features:

  • Individuals (includes First Time Landlords) and Limited Companies (UK SPVs)
  • Houses, leasehold flats and maisonettes to 75% LTV
  • Rates from 3.64%
  • Max LTV 75%
  • Minimum loan size – £50k
  • Maximum loan size – £1.5m

Additional Information:

  • Unlimited portfolio size but maximum 10 loans per borrower with maximum £3m borrowing
  • No credit exceptions
  • New build properties limited to max 75% LTV
  • No top slicing
  • *Non-Portfolio Landlords will be defined as those having 3 or less mortgaged BTLs collectively, including any pending applications. Therefore where 2 applicants are applying together, the total number of their individual and joint mortgaged properties will be taken into account.
  • Must be able to evidence a minimum of 12 months current mortgage history

 

Specialist product

Limited Edition, Key features:

  • HMO up to 6 beds
  • MUFB up to 6 units (including partial)
  • Above or next to Commercial (please refer)
  • Rates from 3.69%
  • Max LTV 75%
  • Minimum loan size – £50k
  • Maximum loan size – £1.5m

Additional Information:

  • Unlimited portfolio size but maximum 10 loans per borrower with maximum £3m borrowing
  • Individuals (includes First Time Landlords) and Limited Companies (UK SPVs )
  • New build properties limited to max 75% LTV
  • No credit exceptions
  • No top slicing
  • *Non-Portfolio Landlords will be defined as those having 3 or less mortgaged BTLs collectively, including any pending applications. Therefore where 2 applicants are applying together, the total number of their individual and joint mortgaged properties will be taken into account
  • Must be able to evidence a minimum of 12 months current mortgage history

Core, Key features:

  • HMO up to 6 beds
  • Rates from 3.84%
  • MUFB up to 6 units (including partial)
  • Above or next to Commercial (please refer)
  • Consumer Buy to Let
  • Houses, leasehold flats and maisonettes to 75% LTV (new build max 70% LTV)
  • Loan size, £50k – £2m* gross
  • Max LTV 75%

Additional Information:

  • Porfolios up to £7.5m considered (above £3m lending or 20 properties by referral)
  • Large Block Exposure to 20 units with up to 100% exposure possible (Valuation block discount may apply for units of 4 or more)

 

Complex product

Holiday Let, Key features:
  • Loan size, £50k – £750k
  • Max LTV 75%
  • Rates from 4.79%
  • All forms of short term letting permitted including AirBnB)
  • We lend on properties with no occupancy restrictions that have valuer confirmation demand exists on an AST basis. Lending amount available is calculated based on AST rental value.

Additional Information:

  • Individuals (includes First Time Landlords) and Limited Companies (UK SPVs)
  • Houses, leasehold flats and maisonettes to 75% LTV (new build max 70% LTV)
  • Consumer Buy to Let
  • MUFB
  • Above or next to Commercial (please refer)
First Time Buyer, Key features:
  • Loan size, £50k – £550k
  • Max LTV 75%
  • Rates from 4.99%
  • Individuals (borrowers who do not own a property) and Limited Companies (UK SPVs)
  • Employed with minimum annual income of £25k Minimum age 25 years UK credit footprint required – Please refer prior to submission.

Additional Information:

  • Houses, leasehold flats and maisonettes to 75% LTV (new build max 70% LTV)
  • Consumer Buy to Let
  • MUFB
  • HMO
  • Holiday Let
  • Above or next to Commercial (please refer)
  • Arm’s length purchases only
Large HMO/MUFB, Key features:
  • Loan size, £200k – £1.5m
  • Max LTV 75%
  • Rates from 4.89%
  • HMO from 7 – 10 beds
  • MUFB from to 7- 10 units

Additional Information:

  • Individuals (includes First Time Landlords) and Limited Companies (UK SPVs)
Expat, Key features:
  • Loan size, £50k – £750k
  • Max LTV 75%
  • Rates from 4.89%
  • UK passport holders living outside of the UK
  • Expat inside EEA
  • Expat outside EEA
  • UK credit footprint required

Additional Information:

  • Houses, leasehold flats and maisonettes to 75% LTV (new build max 70% LTV)
  • Consumer Buy to Let
  • MUFB
  • HMO
  • Holiday Let
  • Above or next to Commercial (please refer)
Foreign National, Key features:
  • Loan size, £50k – £1m
  • Max LTV 65%
  • Rates from 5.89%
  • Limited Companies only (UK SPVs)
  • Non-UK passport holding UBOs without indefinite leave to remain in the UK
  • Non-UK passport holding UBOs living outside of the UK
  • UBO(s) must have a UK credit footprint
  • UBOs living in EEA countries acceptable
  • UBOs living in non-EEA countries by referral (*Rate loading may apply)

Additional Information:

  • Houses, leasehold flats and maisonettes to 65% LTV
  • MUFB
  • HMO
  • Holiday Let
  • Above or next to Commercial (please refer)

 

Product information correct as of  11/01/2024.

For intermediaries only.

Your home may be repossessed if you do not keep up repayments on your mortgage or a loan secured against it.

The Financial Conduct Authority does not regulate some aspects of corporate financial planning, property investment or buy to let lending.

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