Whatever the situation, we can help

Whatever the situation, we can help

We’re ready for MMR!

We’re ready for MMR on 24 April.

The changes we’ve made to our submission procedures are minimal and the key differences include:

  • A new affordability calculator – which is available from Tuesday 15 April.
  • A new single mortgage application form – which can be used for all mortgage application types.

In all other respects, the process of submitting a DIP and client application will remain the same.

We will switch over to our new MMR compliant procedures with effect from 24 April. Watch this space for further updates.

Buy-to-let 5 year fixed rates

Two new fixed rate options on our buy-to-let mortgages

  • 4.87% 5-year fixed rate to 31/08/19 on standard buy-to-let mortgages
  • 5.07% 5-year fixed rate to 31/08/19 on buy-to-let light refurbishment mortgages
  • Both deals available up to 80% LTV
  • Arrangement fee of £995 for loans up to £500K and £1,995 for loans up to £1 million. Loans above £1 million available by referral
  • Early repayment charge of 3% during the fixed rate period (overpayments of up to 10% per annum are allowed without penalty)

Capital repayment incentive

  • Our variable and discounted self-employed, professional and contractor mortgages all include an innovative capital repayment incentive *
  • When borrowers repay capital they will benefit from lower interest rates, if their mortgage steps-down into a lower LTV band
  • This means your clients can apply for a higher LTV mortgage and benefit from lower rates and monthly repayments as soon as they make capital repayments
  • No need to incur remortgaging cost in order to move to a lower rate
  • There are no fees or charges for this facility. Click here to find out more

* Not applicable on fixed rates

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