As we continue to adapt to the impact coronavirus is having on our everyday lives, we want to reassure you that we’re still here for you and your clients during this time.

We’ve made some changes to the way that we work and to our mortgage range and will continue to review these over the coming weeks.

We thought it would be useful to remind you of the business we’re able to handle at this time.

Residential owner occupied mortgages:

We have 2 and 5 year fixed rates up to 75% and 80% LTV. There’s also 2 and 5 year rate options fixed at 85% HLTV.

Our loan to income ratio remains at 5.5x for individuals or joint applicants with a total allowable income of at least £50,000. And we’ll still lend to a maximum term of 40 years.

We also ignore communication defaults. Small settled defaults (13-36 months) are accepted up to £500 and all defaults registered over 3 years are accepted.

Buy to let mortgages:

We’ll lend to individuals or company landlords with single residential investment properties. This is for portfolios up to £5m, with a maximum loan of £1m per property.

We have 2 and 5 year fixed rates up to 75% LTV with various fee options.

We can process up to 16 properties of the same security type on one application and if you need more than 16, please contact your BDM.

There’s free valuation and assisted legal fees for single residential investment properties on remortgages. For the latest update on how we’re managing valuations, see here.

Residential and buy to let remortgages for capital raising:

We’ll consider remortgage applications for capital raising purposes, based on the follow situations:
• Refinancing from an existing lender or bridging provider after a minimum of 6 months and on an equivalent basis
• Debt consolidation purposes
• Transfer of equity or buy out
• Home improvements
All capital raising remortgage applications will be subject to additional underwriter review. These include extra checks when remortgaging for home improvements.

For full details on our mortgage range, see our residential and buy to let guides.

Getting in touch with us

We’ll continue to update our website so check there for the latest information. There’s also a list of broker Q&As to support you and your clients.

The best way to get hold of us right now is via email using the links below:

Thank you and take care.