What's New
Limited edition products from 5.44%
- New 3-year fixed from 5.74%
- Reduced 5-year fixed - now from 5.44%
- New 1% Fee Products
- Low revert rates from 6.50%
- Available on purchases and remortgages
What's New
New limited edition products with lower rates
- Core and limited company available on Tiers 1-3 with rates from 3.99% plus a 5% fee
- HMO Tier 1 and Tier 2 rates from 4.14% plus a 5% fee
- No restriction on loan size
- Up to 75% LTV
What's New
Refurbishment buy to let range
- Standard rates from 5.64%
- EPC C+ refurbishment rates from 5.44%
What's New
Improved bridging AVM policy
- Now up to 75% LTV – More cases qualify
- Properties up to £1.5m – Covering c.99% of properties
- AVMs now permitted for light refurbishment
What's New
New buy to let product transfers feature:
- Rates from 4.29%
- 1-year fixed rates reduced by up to 0.45%
- Reduction of 0.35% across the rest of the range
Standard and Tier 1 Refurbishment
Highlights and Features
- Rates from 0.62%
- Up to 75% LTV
- AVMs available up to 75% 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
Tier 2 Heavy Refurbishment
Highlights and Features
- Rates from 0.67%
- 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 10 units
- Landlords looking to change the use of a residential property to a HMO with up to 20 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
Developer Exit
Highlights and Features
- Tier 1 products up to 75% LTV gross
- Tier 2 products up to 65% LTV gross
- Regulated and non-regulated
- Up to a maximum of 6 units on Tier 1 products. No maximum on Tier 2 products
- Experienced developers with a residential property that has reached practical completion, with the benefit of all consents and a warranty or PCC
- Property developers who need more time to sell properties or organise long-term finance
- House builders who want to refinance their existing development facility to extend the sales period and/or save money
- Developers who want to release capital to move on to another project
- If there are delays in the sale completion or in securing long-term finance
- If a project overruns and funding can’t be extended
- When development project costs have exceeded budget
- To release additional capital from a completed project
- For individual units or a large development of 100s of units – there are no limits on this product
