We’re pleased to announce we have introduced a new reversion rate across our product range. This includes all of our currently available 2 and 3 year products with the exception of Buy to Let and Holiday Let.

What is a reversion rate and how does it benefit your client?

Instead of switching to our Standard Variable Rate (SVR) at the end of the product period, your client’s mortgage will instead move on to a lower follow-on rate for 2 or 3 years, with no additional tie-in beyond the initial product period.

This change means we will now stress affordability on the new lower reversion rate, resulting in a more favourable affordability calculation for your client at the outset.

Additionally, we’ve improved our lending criteria by extending our maximum term for BTL to 30 years and increasing our maximum LTV from 75% to 80% for expat Buy to Let.

To view our current range click here or to speak to a member of the team contact us on 0330 123 1073 or email us at bdt@ibs.co.uk.