Precise Mortgages extended its range of residential mortgages over £1m and up to a maximum of £2m with rates from 3.09% for these Large Loans. This is in addition to the normal range of mortgages for amounts below £1m which includes ranges for Prime, almost or near Prime, Debt Management Plan, Help to Buy and […]
Paragon Mortgages has introduced a range of mortgages specifically for properties let on Holiday Let or Airbnb terms. For further details please contact ibmco.
Paragon Mortgages has introduced a range of Buy to Let mortgages for ex-pat applicants. Applicants can be individuals, limited companies with ex-pat directors, or limited liability partnerships with ex-pat members. Properties in England, Scotland and Wales considered. No minimum income requirement for applicants although disclosure of income is required. For further details contact ibmco.
Fleet Mortgages’ new range of Buy to Let mortgages includes free valuations for properties up to £500k value. Fleet Mortgages affordability calculation is 125% cover calculated at 5% across the board, irrespective of applicant tax band and they lend to Limited Companies, also considering HMOs and Multi Unit as well as standard properties. Contact ibmco […]
With the new rules for licensing HMOs coming into effect on 1st October, maybe it’s time to repeat the post from 6 months ago on this subject. The definition of a HMO will be changing, bringing an estimated additional 177,000 properties under the HMO rules, meaning they will also need licensing. Under the new rules […]
Slowly but increasingly lenders are considering interest only residential mortgages with no or extended end dates for older and retired applicants. Additionally at least one lender has announced acceptance of properties in retirement developments – where ownership is restricted for example to those over age 55. Traditionally lenders have shunned such properties because of the […]
Leeds Building Society added a five year fix to their range of Holiday Let products. With a maximum of 70% loan to value the rate is fixed at 2.99% until 31 October 2023. Please contact Pav or David for details.
Precise Mortgages have commenced a pilot scheme of their new refurbishment Buy to Let mortgage scheme. Effectively a combination of bridging loan and Buy to Let mortgage the scheme can provide simultaneously an offer for the initial advance and an offer for the long term BTL mortgage based on expected value after refurbishment. Available now […]
Kensington mortgages new range of buy to let mortgages for HMO and Multi Unit properties includes 2 year and 5 year fixes for mortgages up to 80% of value at 3.44% and 4.19% respectively. Maximum 6 beds (HMO) or 6 units in a block; minimum valuation for HMOs is £75,000 but no minimum for Multi-unit […]
Northview Group which includes Kensington Mortgages and New Street Mortgages has decided to simplify its brand offering by combining all mortgages in future under the Kensington banner. At the same time the Kensington Buy to Let range has been extended to include Limited Company borrowers, experienced and first time landlords and new build properties. There […]
Kensington Mortgages launches its new range of Buy to Let mortgages today 12 June 2018. These include mortgages of 85% loan to value, Kensington joining a small but growing panel of lenders at this level. Mortgages are available to individuals and companies, with some products having no arrangement fee. Kensington lend on properties in Scotland […]
Investment and Business Mortgage Co received approval from the FCA to arrange residential mortgages and the associated protection insurance, as well as its traditional Buy to Let and Commercial finance.
Mint Bridging announce a new auction finance range designed for property investors looking to acquire residential or commercial properties. 70% loan to value, term up to 12 months, interest rates from 0.45% per month.
The Mortgage Works have introduced a new ‘Large Portfolio’ range of Buy to Let Mortgages. These are for customers with more than 10 mortgaged properties. Options include Nil or £995 arrangement fees; free valuations and £250 cashback (purchases and remortgages); free valuations and free legals for remortgages.
Kensington Mortgages announce that from 17th May 2018 they will lend to Limited Company applicants as well as individuals.