Unveiling our biggest ever set of changes for Buy-to-Let Mortgage Customers.
We are delighted to announce a major overhaul of our buy to let product range providing an increased number of options for property investors based both in the UK and overseas.
These significant enhancements to our proposition represents the biggest set of changes we have unveiled since the initial launch of our Buy-to-Let product range in 2019.
Key highlights include:
NEW: Introducing Bespoke Buy-to-Let – An Exclusive Service For High Value Loans, Complex BTL Mortgages & Portfolio Landlords
Our newly created Bespoke Buy-to-Let team offers access to highly experienced underwriters working exclusively with our intermediary partners introducing complex cases including larger loan sizes up to £15m.
They will also be able to create bespoke products to provide a true tailored solutions for professional landlords clients with unique requirements as well as offering discounted application fees for multiple loan applications.
NEW: Improved Credit Tiers Now Available Throughout The Entire Product Range
As part of our Buy-to-Let review we are making our product more accessible to a greater number of property investors by overhauling our credit eligibility rules and in addition W1, W2 and W3 options will now be available throughout the entire product range. As a reminder we offer an individual approach to underwriting without credit scoring:
Key highlights of the changes include:
- Removal of our 55% LTV products now offering even lower prices up to 65% LTV
- New small HMO/MUB product up to 3 units offering Standard Core Pricing
- Increased product availability with increased fee options across the range
- Significant pricing reductions for Small HMO/MUB, Foreign Nationals, Holiday Lets, First Time Buyers and Ex-Pats
- Increased standard loan sizes for Large HMO/MUB’s, Holiday Lets, First Time Buyers and Ex Pats
- Corporate Lets Now Available up to 80% LTV; Corporate Lets for Asylum Seekers offered through Serco or similar firms now available up to 75% LTV
- Foreign Nationals living in the UK accepted in individual names including applicants on acceptable VISA schemes
- Minimum Property Value reduced to £75,000
Product Withdrawals
The following products will be withdrawn as part of the product changes:
- All Green Mortgage products
- Limited Edition 2 yr fixed rates for portfolio landlords (more than 3 properties)
- 2 year Discount Products across the range
We can continue to accept applications on these products providing a valid ESIS has been produced and the offer is issued by 14th November. There is no cut off date for applications provided the offer is issued by the deadline, however we strongly recommend you submit your application at the earliest opportunity
Can we help?
Just ask our team what we can do to support you and your clients
To discuss a case call 0330 127 0000
or email newbusiness@allmoneymatters.co.uk
Refer your case to us call 0330 127 0001
or email info@allmoneymatters.co.uk
