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