Please see the highlights of changes that are going live as of today (14/12/2018)

Key product & Criteria Highlights

  • Introducing new products across Standard and Limited Company
  • Free Valuation for Standard and LTD range for 2, 3 and 5 years
  • Standard: pay rate now 125% @initial rate moving from (135% @ initial rate)
  • Introduction for a 3-year product terms for Standard and LTD
  • End date extensions for rest of the range
  • Portfolio Aggregate exposure Maximum 65% LTV on loans between £2,000,001 and £4m (up from £2m)

New Standard products with Free valuation – Free valuation for Property value up to and including £500k

  1. 75%, 2 year fixed, 2.99% max loan size of £250k, completion fee of 1.25%, Revert rate L+4.75%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  2. 75%, 2 year fixed, 3.39%, completion fee of 1.25%, Revert rate L+4.75%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  3. 75%, 3 year fixed, 3.29% max loan size of £250k, completion fee of 1.25%, Revert rate L+4.75%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  4. 75%, 5 year fixed, 3.69%, completion fee of 1.25%, Revert rate L+4.75%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  5. 75%, 5 year fixed, (PAY RATE), 3.89%, completion fee of 1.25%, Revert rate L+4.20%, Rental calc 125% @ Initial rate, Free valuation for Property value up to and including £500k

Standard Products – Pay Rate

  1. 75%, 5 year fixed (PAY RATE), 3.89%, completion fee of 1%, Revert rate L+4.20%, Rental calc 125% @ Initial rate
  2. 75%, 5 year fixed (PAY RATE), 3.99%, completion fee of £4,999, Revert rate L+4.20%, Rental calc 125% @ Initial rate

New Limited Company products with Free valuation – Free valuation for Property value up to and including £500k

  1. 75%, 2 year fixed, 2.99% max loan size of £250k, completion fee of 1.50%, Revert rate L+5.00%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  2. 75%, 2 year fixed, 3.39%, completion fee of 1.50%, Revert rate L+ 5.00%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  3. 75%, 3 year fixed, 3.29% max loan size of £250k, completion fee of 1.50%, Revert rate L+5.00%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k
  4. 75%, 5 year fixed, 3.79%, completion fee of 1.50%, Revert rate L+75%, Rental calc 125% @ 5%, Free valuation for Property value up to and including £500k

End date extensions

  • 2 year: from 31/12/2020 to 31/03/2021
  • 5 years: from 31/12/2023 to 31/03/2024