Portfolio landlords 5 year fixed rates from Foundation Homeloans with £500 cashback

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In addition to their standard range, Foundation announce products for portfolio landlords only ( 4 or more mortgaged properties) with £500 cashback

Standard Properties 3.89% fixed until 30 April 2023

HMO Properties 3.99% fixed until 30 April 2023

Up to 70% loan to value, individual or limited company applicants. £500 cashback on completion of the loan. 1% arrangement fee.

Rental calculation allows up to 212 times (for individuals) or 240 times (for companies) monthly rent.

Contact ibmco for further details

 

No portfolio limit on New Street Mortgages applications

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There is no longer a limit on the number of properties a landlord owns when applying to New Street Mortgages. Subject to a maximum exposure with New Street of £2m per client.

As part of the Kensington Mortgage group New Street hope to start lending in Scotland shortly (see earlier post) – currently lending on properties in England and Wales.

Further information available from ibmco, please get in touch.

Limited Company Buy to Let from Fleet Mortgages

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Fleet Mortgages 5 year fix for Limited Company Buy to Let

3.89% fixed until 31 March 2023, up to 75% loan to value, product fee 1.5%

Rental calculation 125% at 3.89% in other words up to 246 times monthly rent

Contact ibmco for more information

5 year fixed Buy to Let from Nottingham Building Society

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Nottingham BS extended the end dates on its 5 year fixed BTL products which are now fixed until 1 May 2023:

2.65% up to 65% loan to value

2.89% up to 75% loan to value

Product fee £999 (£299 upfront)

Contact ibmco for further details

 

Buy to Let Mortgages in Scotland from Kensington Mortgages

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  • KENSINGTON MORTGAGES announce they plan to extend their range of mortgage products to properties in Scotland, initially through chosen distribution partners from 25th January 2018 and extending to all brokers in March 2018. On Buy to Let mortgages Kensington have no limit on the number of properties an applicant can hold, although there is a maximum of £2m or 6 properties mortgaged to Kensington.
  • also applies to NEW STREET MORTGAGES