We released a New 2yr fixed Rate for LTD Co applications to further support our recent ICR changes for products of less than 5yrs.
Overview
- 2 Year Fixed Rate to 30/06/2028 (XF1238)
- 2% Product Fee (£1500 min)
- £175 App Fee
Remortgage Incentives; £500 Cashback, Free Val for Standard BTL’s up to £500,000, Discounted Valuation Fee for properties above this value.
Full Product Detail can be found here: Buy to Let Ltd Company Mortgages | Intermediaries | Family Building Society
Improved Buy to Let affordability
We recently improved our Buy to Let affordability with changes that can increase borrowing by up to 35% compared to our previous calculations
- Reduced stress rates for products fixed for under five years
- Typically results in a 15% uplift for Capital Raising cases and a 35% uplift for Pound for Pound remortgages.
- No change for products fixed for five years or more (still assessed at pay rate).
General Ltd Co Buy to Let Criteria Overview
As a quick reminder, here are some of the reasons to consider us for your LTD Co BTL applications
- No PG’s required if <65% LTV
- No Minimum income requirement
- No Background stress on portfolio in the background
- No Limit to amount of properties in the background
- Portfolio cases considered
- Available to ExPAT’s as well
- Deposit from directors loans/gifted equity/intercompany loans considered.
- Professional Let HMO’s up to 6 bedrooms
- MUFB (converted houses) Considered
- Available on IO and C&I
If you have any case queries/questions please do get in touch.
Nathan Waller
Business Development Manager
M: 07387040895