As we approach the end of the financial year, I just wanted to remind you of our recent reduction in our Help to Buy products on February 18th. These further reductions (following on from those on 12th December 2019) mean that we have reduced some products by up to 0.6%, which is great news for your advisors when looking at alternative / specialist lenders, in additional to lending up to 90% on New Build Houses and Flats. These changes see us sourcing very competitively amongst our peers, so now would be a great time to discuss these with your advisors to ensure you clients are getting the best deal possible as the New Build market continues to thrive!
A remind of what our new Help to Buy products are can be found below, and for your information, I have included our current product guides, as well as a PDF of our Key Selling Points.
Help to Buy England & Wales
- 2 Year Fixed Rate – 3.29%, £999 Completion Fee
- 5 Year Fixed Rate – 3.89%, £999 Completion Fee
Help to Buy Scotland
- 2 Year Fixed Rate – 3.59%, £999 Completion Fee
- 5 Year Fixed Rate – 4.04%, £999 Completion Fee
We have also amended our criteria on Buy to Let minimum loan requirements, reducing this to £25,001, so once again, providing more good news for advisers and their clients in addition to lending up to 85% LTV to both Individual and Limited Company investors.
If you have any questions at all, or would like to arrange adviser training following a number of recent updates to our policy, please don’t hesitate to call me on 07825 786469.
