In case you missed it, even more criteria improvements came into force yesterday which further improves our proposition to help more of your clients.
Our recently updated criteria includes:
- We now lend on flats in blocks of up to ten storeys
- New-build flats and maisonettes accepted up to 80% LTV
- New-build houses accepted up to 90% LTV
Further to our previous improvement of;
- Students accepted on HMO products
These changes reflect current lending practice and support a wider range of purchase and remortgage opportunities.
Portfolio Landlords
Did you know we are happy to consider portfolio landlords? In the smaller building society space typically quite a few lenders cannot help as soon as your customer is deemed as a portfolio landlord, where as we are much more comfortable with this.
We have:
- No minimum income requirement
- No stress on the background portfolio that we aren’t taking security on (as long as it is self-financing)
- No limit to the amount of properties held with alternative lenders
- No limit to the aggregate debt with other lenders, we also do not limit our own LTV based on debt with other providers.
- Personal name, Ltd Co, ExPATs – all client bases considered!
- Standard BTL’s, MUFB’s of converted houses and small HMO’s up to 6 bedrooms considered.
- No PG’s required on Ltd Co cases for LTV’s under 65%
- Directors loan’s/gifted equities considered for deposit
If you would like to know more, please get in touch to see how we can help you and your clients
Nathan Waller
Business Development Manager
M: 07387040895