It gives me great pleasure to inform you of our new product range which went live on 09/10/2018.
We have introduced new fixed-fee products across our three core sectors – standard, limited company and HMO/multi-unit block (MUB) – we believe it will specifically help those advisers who are sourcing larger buy-to-let loans.
Highlights of the new product range include:
- Standard:
- Two-year fix at 75% LTV.2.99% with a 1% fee (max loan size £250k)
- two-year fixes at 75% LTV. 3.09% with a fixed fee of £1,999 (max loan size £250k); or 3.49% with a fixed fee of £4,999 (no max loan size).
- five year fixes at 75% LTV. 3.79% with a fixed fee of £4,999; or a 3.99% pay-rate product at 3.99% with a £4,999 fixed fee, offered at rental cover of 135% at initial rate.
- Reduced early repayment charges term on LIBOR-tracking products from three years down to two.
- Limited company:
- two-year fixes at 75% LTV. 3.09% with a fixed fee of £2,499 (max loan size £250k); or 3.49% with a fixed fee of £6,250 (no max loan size).
- five year fixes at 75% LTV. 3.89% with a fixed fee of £6,250; or 3.99% pay-rate product at 3.99% with a £6,250 fixed fee, offered at rental cover of 125% at initial rate.
- Reduced early repayment charges term on LIBOR-tracking products from three years down to two.
- HMO:
- two-year fix at 65% LTV . 3.59% with a fixed fee £7,499;
- two-year fix at 75% LTV. 3.69% with a £7,499 fixed fee;
- five-year fix at 75% LTV. 3.99% with a £7,499 fixed fee.
- Reduced early repayment charges term on LIBOR-tracking products from three years down to two.
Rental calculations
For all standard and limited company products – except those offered at pay rate we operate an ICR of 125% at 5%, regardless of tax rate.
Useful content
Over the course of the past 4 weeks, we have created a series of short videos showcasing, Why Fleet Mortgages?, Portfolio Lending, Rental Calculation and the recent HMO licensing changes.
