Funding bigger Buy-to-Let properties
Our new Buy-to-Let product range is one that supports property professionals to take on bigger projects and continue expanding their property portfolio.We are expanding the size of properties and projects brokers’ clients can take on, while keeping our popular rates for existing products the same. Here is everything you need to know about our new product range.
- New larger loans
Customers can now borrow up to £2 million at 70% LTV for standard properties and small HMOs, and up to £3 million for Large HMOs and MUFBs.
- Redefined larger products
We now consider a HMO to be small if it has up to 8 lettable rooms, and large HMOs are between 9 and 15.Our investment valuations start from 7 rooms and above, meaning opportunities for greater loan amounts.
- Expanded the MUFBs we lend on
We now lend on MUFB individual-occupancy flats up to 10 units, with new max loans up to £3 million available at 70% LTV.
- The same great rates
We have kept the exact same rates on all of our pre-existing products, starting from 2.89% for two-year fixed rates and 3.19% for 5-year fixed Buy-to-Let mortgages.
- A new cashback offer
Customers can also get £500 cashback on legal fees for 65%, 70% and 75% LTV 5-year fixed products for standard property types up to £750K loan size, and benefit from a reduced valuation fee of £150.
- Redesigned product and rates guides
For a new product range we have completely refreshed the look and feel of our Buy-to-Let guides to make them a simpler way for brokers to get all of the information they need prior to making an application for their clients.We have a new comprehensive Buy-to-Let product guide, which includes all of our lending criteria, and a standalone Buy-to-Let rates guide for our latest rates and offers. Take a look for yourself at our new range by downloading our new Buy-to-Let rates guide and new Buy-to-Let product guide. If you want to get started on your next case straight away, sign in to our Broker Portal to submit an application.