From a missed payment to a DMP. Just DIP IT.
What's New
Residential products
- New residential Tier 0 and Tier 2 products will be available soon
- Up to 85% LTV
- Loans from £25,001 to £2m
- Adverse credit profiles accepted
What's New
New buy to let 70% and 75% LTV products will be available soon
What's New
Refurbishment buy to let range
- Standard rates from 5.94%
- EPC C+ refurbishment rates from 5.74%
What's New
Bridging rates reduced by 0.05% on selected products
- Standard and Tier 1 Light Refurbishment 70% and 75% LTV reduced by 0.05%.
- Tier 2 Heavy Refurbishment reduced by 0.05% across the range.
What's New
Buy to let product transfer rates reduced by up to 0.30%.
- 2-year fixed rates reduced by 0.30%
- 1-year, 2-year, 3-year and 5-year options, rates start from 4.79%
Our Products
Residential
- Up to 85% LTV
- Loans from £25,001 to £2m
- Adverse credit profiles accepted
Help to Buy
- Rates from 6.39%
- Up to 75% LTV
- Historic adverse accepted
- Loans from £25,001
- Help to Buy purchase (Wales) and Help to Buy remortgage accepted.
Right to Buy
- Rates from 6.39%
- Up to 100% discounted purchase price
- Historic adverse accepted
- Loans from £25,001 to £1m
Product Information
Residential
Highlights and Features
- Up to 85% LTV
- CCJs, defaults, mortgage and secured loan arrears, active and satisfied DMPs and unsecured arrears accepted
- Loans from £25,001 to £2m
- Adverse credit profiles accepted
- Home movers
- Remortgages
- New build purchases
- First-time buyers
- Customers looking for an alternative to high street lenders
- Customers with adverse credit history
- Self-employed customers with only 1 year’s accounts
Product Information
Help to Buy
Highlights and Features
- Rates from 6.39%
- Up to 75% LTV
- Historic adverse accepted
- Historic CCJs, defaults, DMPS and mortgage and secured loan arrears accepted
- Loans from £25,001
- Help to Buy purchase (Wales) and Help to Buy remortgage accepted.
- Customers buying new build properties
- Existing Help to Buy customers looking to remortgage
- We accept new purchase applications on the Help to Buy Wales scheme
- We accept remortgage applications on the Help to Buy England, Help to Buy Wales and Help to Buy Scotland schemes
Product Information
Right to Buy
Highlights and Features
- Rates from 6.39%
- Up to 100% discounted purchase price
- Historic adverse accepted
- Historic CCJs, defaults, DMPS and mortgage and secured loan arrears accepted
- Loans from £25,001 to £1m
- Customers buying their social housing property
- Purchase only
- Houses only
- England only
Personal Ownership Landlords
- Up to 80% LTV
- Single dwellings and HMOs
- Loans from £40,000 to £3,000,000
Limited Company Landlords
- Up to 80% LTV
- Single dwellings and HMOs
- Top slicing available
- Loans from £40,000 to £3,000,000
Product Information
Personal Ownership Landlords
Highlights and Features
- Up to 80% LTV
- Single dwellings and HMOs
- Loans from £40,000 to £3,000,000
- First-time landlords
- Experienced landlords
- Consumer buy to let
- Landlords looking to purchase a new property
- Landlords looking to remortgage an existing property
Product Information
Limited Company Landlords
Highlights and Features
- Up to 80% LTV
- Single dwellings and HMOs
- Top slicing available
- Loans from £40,000 to £3,000,000
- First-time landlords
- Experienced landlords
- Landlords looking to purchase a new property
- Landlords looking to remortgage an existing property
Standard Refurbishment
- Bridging refurbishment from 0.69%
- Exit rates from 5.94%
- Up to 80% LTV on exit
- Single dwellings and HMOs
- Personal ownership and limited company
EPC C+ Refurbishment
- Bridging refurbishment from 0.69%
- Exit rates from 5.74%
- Up to 80% LTV on exit
- Single dwellings and HMOs
- Personal ownership and limited company
Product Information
Standard Refurbishment
Highlights and Features
- Bridging refurbishment from 0.69%
- Exit rates from 5.94%
- Up to 80% LTV on exit
- Single dwellings and HMOs
- Personal ownership and limited company
- Landlords looking to change the use of a garage or loft space to a habitable room.
- Properties purchased at auction that require light refurbishment to be acceptable for mortgage purposes.
- Landlords looking to change the use of a residential property to, or from, a small HMO with up to six lettable rooms.
- Standard refurbishment to make a property habitable.
Product Information
EPC C+ Refurbishment
Highlights and Features
- Bridging refurbishment from 0.69%
- Exit rates from 5.74%
- Up to 80% LTV on exit
- Single dwellings and HMOs
- Personal ownership and limited company
- Landlords looking to refurbish a property to maximise the rental yield.
- Refurbishment of a property that already has an EPC rating of C or above, or is awarded a C rating as a result of the improvement work
Standard and Tier 1 Refurbishment
- Rates from 0.69%
- Up to 75% LTV
- AVMs available up to 60% LTV, and with no fee
- Regulated and non-regulated
- No maximum loan amount
Tier 2 Heavy Refurbishment
- Rates from 0.74%
- Up to 70% LTV
- Regulated and non-regulated
- No maximum loan amount
Product Information
Standard and Tier 1 Refurbishment
Highlights and Features
- Rates from 0.69%
- Up to 75% LTV
- AVMs available up to 60% LTV, and with no fee
- Regulated and non-regulated
- No maximum loan amount
- Landlords who want to make a quick purchase
- Chain-break finance
- Cash flow funding for short term requirements
- Buying property at auction
- Meeting tight transaction deadlines
- Where short-term finance is required and is secured on a property in a habitable condition and does not require any improvement works
- Regulated Bridging Finance can be used for almost any purpose, except where your customer is looking to raise finance by way of a second charge and the loan is for business use. For this situation our range of Non-Regulated Bridging Finance could help
Product Information
Tier 2 Heavy Refurbishment
Highlights and Features
- Rates from 0.74%
- Up to 70% LTV
- Regulated and non-regulated
- No maximum loan amount
- Extensions
- Loft conversions
- Single unit to multi-unit
- Multi-unit to single unit
- Multi-unit properties currently at 'wind and water tight' stage that require completion
- Barn conversions
- Conversion of a commercial unit into a maximum of 4 flats
- Landlords looking to change the use of a residential property to a HMO with up to 10 lettable rooms
- Landlords looking to change the use of a residential property to a maximum of 6 flats. An acceptable new home warranty will be required
- Planning permission is required
- Works are being completed under Permitted Development Rights (change to property footprint)
- There is a change in overall use or nature of the premises
- Regulated Bridging Finance can be used for almost any purpose, except where your customer is looking to raise finance by way of a second charge and the loan is for business use. For this situation our range of Non-Regulated Bridging Finance could help
Product Transfers
- Buy to let rates from 4.79%
- Residential rates from 5.99%
Product Information
Product Transfers
Highlights and Features
- Buy to let rates from 4.79%
- Residential rates from 5.99%
- Existing customers whose product is due to end
- Whilst most customers whose account is outside of any early repayment charge period will be able to complete a product transfer, not all customers will have product transfer options available to them. We’ll run some initial checks on your customer’s account and let you know if a product transfer is available for them, such as making sure their account is up to date
- We can accept product transfer applications from 3 months before the existing product ends
Our Processing Times
Happy & Healthy
Happy & Healthy
Happy & Healthy
Happy & Healthy
Happy & Healthy
- AIP = Auto decision
- New applications = 2 working days
- Additional document = 2 working days
Our Processing Times
Residential
AIP
Agreement in principle: 24 hours
Application
Pre offer - Initial underwriting: 2 working days
Document assessment: 2 working days
Valuation
Percentage of valuations completed within 10 working days: 77%
Offer
Time from application to offer: 17 working days
All times shown are based on average working days
Last updated 29 October 2024.
- AIP = Auto decision
- New applications = 2 working days
- Additional document = 2 working days
Our Processing Times
Buy to Let
AIP
Agreement in principle: Auto decision
Application
Pre offer - Initial underwriting: 2 working days
Document assessment: 2 working days
Valuation
Percentage of valuations completed within 10 working days (Buy to let): 67%
Percentage of valuations completed within 10 working days (HMO, MUB): 54%
Offer
Time from application to offer: 17 working days
All times shown are based on average working days
Last updated 29 October 2024.
- AIP = 24 hours
- New applications = 1 working day
- Additional document = 1 working day
Our Processing Times
Refurbishment Buy to Let
AIP
Agreement in principle: 24 hours
Application
Pre offer - Initial underwriting: 1 working days
Document assessment: 1 working days
Valuation
Percentage of valuations completed within 10 working days (Light refurbishment): 81%
Offer
Post offer (completions): 2.5 working days
Time from application to offer: 20 working days
All times shown are based on average working days
Last updated 29 October 2024.
- AIP = 4 hours
- New applications = 1 working day
- Additional document = 1 working day
Our Processing Times
Bridging
AIP
Agreement in principle: 4 hours
Application
Pre offer - Initial underwriting: 1 working days
Document assessment: 1 working days
Valuation
Percentage of valuations completed within 10 working days (Standard bridging): 81%
Percentage of valuations completed within 10 working days (Light refurbishment): 81%
Percentage of valuations completed within 10 working days (Heavy refurbishment): 81%
Offer
Post offer (completions): 2.5 working days
Time from application to offer: 16 working days
All times shown are based on average working days
Last updated 29 October 2024.
- AIP = NA
- New applications = NA
- Additional document = NA
Our Processing Times
Product Transfers
5 days from receipt of authority to produce the KFI.
5 days from request for offer to produce offer.
5 days to process offer acceptance.
Signed acceptance of offer required at least 1 clear calendar month before current mortgage product ends.
Last updated 29 October 2024.
Contact Us
Upcoming maintenance: Please note that due to scheduled essential maintenance, broker portal will be unavailable between the hours of 5pm on Friday 15 November 2024 and 5pm on Sunday 17 November 2024. We apologise for any inconvenience caused.