Latest news
Bright Insights, March 2024
NEW Developer exit products
Tier 1 developer exit product Up to 60% LTV 0-6 Units Up to 12-month term Minimum loan - £50,000 No maximum loan 2% facility/product fee Tier 2 developer exit product Up to 75% LTV No limit on the number of units Up to 18-month term Minimum loan - £50,000 No...
Product news
NEW Developer exit products
Tier 1 developer exit product Up to 60% LTV 0-6 Units Up to 12-month term Minimum loan - £50,000 No maximum loan 2% facility/product fee Tier 2 developer exit product Up to 75% LTV No limit on the number of units Up to 18-month term Minimum loan - £50,000 No...
Semi-exclusive Buy-to-let purchase & re-mortgage product
Max LTV 65% 65% Max Loan Size Loans up to £500,000 Min Loan Size £50,000 5 Year Fixed 6.84% 7.29% Arrangement Fee 4.99% 2.50% Reversion rate BBR* + 4.99% ERC 5 Year Fixed : 5%/5%/4%/3%/2% 10% overpayment permitted on a lump sum basis per annum Application Fee £180...
Buy-to-let products
Standard | Limited Company | HMO & MUFB Standard: Up to 75% LTV Initial rate from 4.59% Up to 7 year fixed Fee's from £0 Limited Company: Up to 75% LTV Initial rate from 4.59% Up to 7 year fixed Fee's from £0 HMO & MUFB: Up to 75% LTV Initial rate from 4.99%...
Semi-exclusive Buy-to-let rate drop product
Expat Buy-to-let: Key Features: Rates from 5.29% LTV up to 70% 5 year fixed available Product name Initial interest rate Followed by our RI Managed Mortgage Rate APRC Max LTV Early Repayment Charges Product Fee 5 Year Fixed Rate until 31/05/2029 5.29% 9.19% 8.1% 60%...
SEMI-EXCLUSIVE Residential rate drops
Owner Occupier: Key Features: Product name Initial interest rate Followed by our Managed Mortgage Rate currently APRC Max LTV Early Repayment Charges Product Fee 2 Year Fixed Rate until 30/06/2026 5.59% 8.44% 7.9% 60% 2% until 30/06/2025 1% until 30/06/2026 £999^ 2...
NEW residential credit repair product
Credit Repair: Key Features: Day 1 discharged bankrupt Rates from 7.49% Maximum LTV 70% on purchase or remortgage CCJs: Maximum £6,000 in the last 36 months & none in the last 12 months IVAs: Must not be entered into in the last 6 months. Satisfactorily conducted...
Commercial Finance rate drops
Commercial Finance products: Key lending criteria: Borrower type; UK registered Limited Companies, LLPs, Partnerships and Sole Traders Loan size; £150,000 to £10 million Term; 5 to 25 years. Interest only products maximum 5 years Base Rate type; Variable – Bank of...
Second Charge rate drops
Second Charge products: Key features: NEW - 5 yr rates starting from 6.59% NEW - 2 yr rates starting from 7.59% NEW - 3 yr rates starting from 7.39% NEW - Interest Only rates starting from 7.59% NEW - Lifetime trackers starting from 3.20% above SVR NEW - Max...
Brightstar
Paul Brett and Brightstar join forces to relaunch Private Label
Former Landbay managing director of intermediaries, Paul Brett has joined forces with the Brightstar Group to relaunch its Private Label lending proposition. Brett will take on the role of project lead, working with brokers to identify opportunities to help clients...
Bright Insights, March 2024
NEW Developer exit products
Tier 1 developer exit product Up to 60% LTV 0-6 Units Up to 12-month term Minimum loan - £50,000 No maximum loan 2% facility/product fee Tier 2 developer exit product Up to 75% LTV No limit on the number of units Up to 18-month term Minimum loan - £50,000 No...
£300k raised in one month for retired couple looking to invest
£300k raised in one month for retired couple looking to investObjective The introducing broker needed assistance for their retired clients, aged 68 and 65, to leverage the equity in their mortgage-free home to invest in a company, aiming to generate passive income...
Latest podcast
A great customer journey
I have sent over a number of enquiries to Brightstar Financial over the last three or four years including bridging loans, commercial finance and, most recently, second charge lending and have always received excellent service. When referring, I can trust that the...
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Commercial opportunity increases as we look to 2024
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New product structures offer hope to Buy to Let investors
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Using bridging to get people moving
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New year, new space
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It is possible to maximise affordability, even with recent adverse
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WEBINAR: Opportunities in specialist lending
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Semi-commercial gets competitive
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Limited company dominance shows as landlords get serious