Lender niches you need to know about
Posted: 10/08/2017
We’re constantly on the look out for unique lender niches which help brokers to place more cases and secure competitive terms. This week, we’ve picked out a few interesting criteria niches from residential mortgage lenders, Aldermore and Platform, which you may not have been aware of.
Platform’s residential mortgage niches:
- Up to 4.49% lending available for single or joint incomes, irrespective of loan to value, loan type, buyer type (subject to affordability) and 4.85% up to 80% LTV (subject to affordability)
- Flats up to 10 floors including ex-local authority and up to 90% LTV
- 100% of second job income with 12 months history
- Pension contributions and travel costs are not deducted from income
- Maximum term up to 40 years
Aldermore’s residential mortgage niches:
- 95% LTV up to £400k
- Self-employed with 1 year’s accounts up to 85% LTV
- Help to Buy Equity Loan and London Help to Buy up to 75% LTV to £450k. Loans up to 95% LTV available for new build houses and flats. Family gifted deposits accepted
- Interest-only up to 75% LTV, sale of property acceptable exit
Here to help
For help placing a case, contact our Specialist Lending & Protection Team:
call us on 01702 538 800 or request a call back
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