Newsletter

Rates are falling this autumn across Interbay’s commercial owner occupier range and selected semi-commercial products. Semi-commercial for properties with 55%+ residential value – New business rates reduced by up to 0.50%. Available with a choice of 1%, 2% or 4% arrangement fee and rates starting from: • 5.19% for 2-year fixed • 5.74% for 5-year fixed […]

Family Building Society have launched their Limited Co Expat BTL products. Family are one of only a few lenders in the BTL space with the added benefits that they already have: No Min Income No Portfolio limits No PG’s to 65% No Floating Charges on the Ltd Co (there maybe an exception to this on larger

Lendinvest: 3mc are a strategic partner accessing enhanced procuration fees and semi exclusives available PRECISE: 3mc are part of the Premier Panel with enhanced procuration fees and semi exclusive available InterBay: 3mc have access to their SELECT range accessing enhanced procuration fees with semi exclusives available Secret Lender: 3mc are a Key Partner accessing enhanced

As a key partner with one of our lenders we are pleased to have exclusive access to a 5% loan-to-value increase across their range of bridging products (LTV increase excludes mixed use bridge). Residential Investment now has a max LTV of 80% Foreign National and Expats has a max LTV of 80% Mixed Use Bridge

Bluestone have expanded their criteria to accept customers on a Skilled Worker or Health & Care VISA. Subject to criteria, this expansion provides those who do not yet have ‘indefinite leave to remain’ an opportunity to purchase a property, even with a credit profile that high street lenders may deem ‘Unlendable.’ Reasons to use Bluestone:

VIDA have made rate cuts by up to 0.65% on Residential products and by up to 0.59% on BTL products. 95% LTV is now available on the Vida 6 product tier. They now lend up to a generous 7x Loan to Income (LTI) at 90% LTV for incomes over £60,000, and 6x Loan to Income

Specialist BTL semi-exclusive products available via 3mc Specialist BTL product available via 3mc Lower rates than going direct on both the 3% and 5% fee option HMOs up to 10 bed MUFBs up to 10 units Single let BTLs up to 10 properties on the one loan FTL considered for single let Non-representation is available

LET’S TAKE A LOOK AT WHAT QUANTUM MORTGAGES HAVE TO OFFER Day one remortgage can be based on OMV. Can accept Serco leases and consider corporate leases with any social and vulnerable tenant provider with no insistence that firm needs to be CQC registered e.g. Serco, Mears, Clearsprings. FTB/FTL no min income, min age 18

MINIMUM LOAN NOW £125K ACROSS INTERBAY SELECT’S BRIDGING RANGE Qualifies for the 60/40 commission split Reduced minimum loan size on semi-commercial and commercial bridging products by 50%. This gives you and your clients even easier access to bridging finance. Semi-commercial rates – from 0.89%pm Commercial rates – from 0.94%pm Facility fee – 2% £125k minimum

Helping clients with new build purchases just got easier. With 12 lenders accepting new build properties on our 3mc Packager Panel, we offer flexible solutions for residential new build properties. Here’s what we can help you offer your clients – all subject to lender criteria, of course. Up to 95% LTV on houses Up to

Residential Semi-exclusive free valuations on residential purchases Lending up to 95% 6x income up to 85% loan to value Multiple sources of income allowed (foster income, maintenance, child benefit etc) Debt consolidation allowed Non-standard construction property types accepted and no LTV restrictions CCJs and defaults under £300 are ignored Buy-to-let No minimum income (Except FTB

REASONS TO USE VIDA Missed payments: They look at missed payments, but anything under £250 won’t count towards product tiering. If your customer has up to 3 missed payments of £250 plus in the last 6 months, they will be considered. Adverse: Applicants with more recent credit issues could still be eligible under Vida’s Packager

Ex-Pat Residential Semi Exclusive with Dudley – Extra 5% Loan to Value! 5-year fixed rate semi-exclusive and a 2-year discount semi-exclusive available through 3mc. Extra 5% loan to value – Maximum 90% loan to value through 3mc Foreign income accepted – Majority of currencies accepted (employed, self-employed and pension) JBSP (4 applicants and 4x income

Owner occupier Interest Only – Affordability now calculated on the Interest Only payment rather than repayment. Regardless of the mortgage term selected. Cash held in savings accounts can count towards affordability. Gold is now an acceptable income source – subject to criteria. Semi-Exclusive – £0 product fee on loans up to £500,000 Semi-Exclusive – Free

Who wants more? Up to 6x income. Up to 95% LTV. Adverse accepted. Precise can now increase borrowing potential like no other lender. On top of increasing their LTV to 95%, reducing their stress rates to 1.25% and increasing their max loan to £5m, they’re still giving you more, with up to 6x income now

Bluestone Mortgages have increased their maximum LTV on their ‘CLEAR’ credit tier by 5%, meaning they now lend up to 90% LTV on their residential mortgage range. LTVs have also increased by 5% on their ‘AAA’ and ‘AA’ credit tiers to 85%, and their ‘A’ tier has increased to 80%. PLUS: a semi-exclusive via 3mc with

As a Vida Premier Partner, via 3mc foreign nationals have access to: Up to 90% LTV. Wider Vida Acceptance – now includes expanded list of eligible visas (12 different types). Tailored fixed rates – 2 and 5 year fixed options. Products available across Vida 6, 24 and 36 credit tiers. Available up to 90% LTV

BRIDGING FINANCE: KEY BENEFITS FROM ALLICA BANK Fast funding from £150,000 to £10 million Up to 75% LTV on residential and refurbishment Up to 70% LTV on semi-commercial and commercial Automated valuations on residential up to 70% LTV on purchases and up to 65% LTV on refinances Below market value purchases up to 90% of purchase