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Not all buy to let lenders are affected by the PRA’s new rules

Posted: 20/10/2017

Some buy to let lenders, like Fleet Mortgages, are able to offer the same products, criteria and processes because they’re a relatively new lender and do not currently fall under the jurisdiction of the Prudential Regulation Authority.

This means …

Rental calculation on standard buy to let mortgages remains at 125% @ 5% with fixed interest rates starting at 2.59% (max loan of £200k, higher loan sizes available on other standard buy to let mortgage products).

Rental calculation on limited company buy to let mortgages remains at 125% @ 5% with fixed interest rates starting at 3.29%.

Rental calculation on HMO and MUB buy to let mortgages remains at 125% @ 5.53% with fixed interest rates starting at 3.39%. Or rental calculation 125% @ 5% on lifetime tracker products.

Plus, they won’t stress the customer’s entire portfolio.

Launched today …

Limited company completion fee reduced to 1.25%, previously 1.50%.

HMO and MUB completion fee reduced to 1.50%, previously 2.00%.

Fleet Mortgages offer …

A wide range of fixed and tracker products for landlords with small and large portfolios.

LTVs up to 75% for loans up to £750k/ LTVs up to 70% for loans up to £1m.

Flats acceptable in blocks with up to 5 storeys (up to 10 storeys are acceptable within the M25).

Up to 70% LTV on new build flats. Up to 75% LTV on new build houses.

Ingard Members’ have direct access to Fleet Mortgages’ products.

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Here to help

For help placing a case with Fleet Mortgages, contact our Specialist Lending & Protection Team:
call us on 01702 538 800 or request a call back.