Enhanced Profit After Tax (PAT) criteria for limited company directors
We’ve taken action to make it easier for eligible limited company director clients to be assessed using PAT. Eligibility will now be based on qualifying gross annual income rather than the previous minimum-loan threshold. Who is eligible? Applicants must: Own more than 50% of the company, individually or jointly. Have qualifying gross annual income, including […]
We turned a bridging loan round in 2 days!
Timing is everything in the lending world, with customers looking to move forward quickly when there’s a chain at risk, an auction deadline, or a deal that simply won’t wait. For brokers, that pressure lands on you first, which is why a lender who can turn around decisions fast is the difference between a good […]
Specialist underwriting for complex remortgages
A quick solution doesn’t have to depend on standard circumstances. When solving a complex remortgage puzzle, it helps if your lender makes it easier from the start. At UTB, our specialist underwriters look at the detail behind every complex remortgage application and find a way to make the complicated more straightforward. No problems here. Only […]
More flexibility for your refurbishment cases
We’ve made a number of enhancements across our bridging proposition, opening up more ways to support a wider range of scenarios. Updated refurbishment classifications We’ve updated our refurbishment classifications, giving you greater flexibility when placing bridging cases. Standard bridging Light refurbishment Heavy refurbishment Repair, maintenance and cosmetic works are now permitted. A wider range of […]
A portfolio opportunity. A specialist lending solution.
Not every portfolio landlord case fits standard lending criteria. At Foundation, we’re continually evolving our specialist propositions to help brokers place more complex cases with confidence, making mortgages happen. The opportunity: An employed portfolio landlord was looking to remortgage a terraced buy-to-let property through their SPV. The property was valued at £475,000, with a mortgage […]
Tax return delays? We could help!
Need support with a self-employed case? A reminder of what we need to assess self-employed income. From the start of October, some self-employed applicants may find their latest existing HMRC tax documents are no longer accepted by some lenders because of their age, which could lead to delays to the mortgage application process, while updated […]
£50,000 BTL loan: four working days from documents to completion
Have a landlord client looking to fund improvements to their rental property? We recently completed a £50,000 first charge buy-to-let term loan secured against an unencumbered property in England. From documents issued to completion, it took just four working days. Here’s how the case looked: Loan amount: £50,000 Purpose: Improvements to the buy-to-let property LTV: […]
Family support with JBSP+
See how JBSP+ helped Ava increase her borrowing power with support from her adult child, Amelia. Our second 50+ case study shows how both incomes could be considered for affordability while Ava remained the sole owner of her new home. It’s a practical example of how family support with JBSP+ can unlock more options for […]
NEW | More Lending Opportunities with Hinckley & Rugby BS
Complex income? Visa applicants? Historic credit issues? More ways to get your cases moving. Hinckley & Rugby Building Society has introduced a refreshed lending proposition, bringing greater flexibility and more solutions for clients who don’t always fit standard lending criteria. From self-employed borrowers and complex income to historic credit challenges, discover where Hinckley & Rugby […]
Help To Buy remortgages now available with Aldermore
We’re pleased to announce that Aldermore can now consider eligible Help to Buy Equity Loan remortgage applications for properties in England through the Homes England scheme. Although the Help to Buy Equity Loan scheme is closed to new applications, many customers who initially took fixed rate deals continue to require a remortgage. This new option […]