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September specialist mortgage and buy to let round-up

Posted: 13/09/2018

Many brokers jetted off to enjoy some sunshine last month, however, it’s clear this week that it’s back to business as usual. So, we thought it was worth giving you an update on some of the new product announcements from the specialist mortgage and buy to let lenders that you may have missed over the last few weeks.

The buy to let space in particular has heated up recently with tumbling rates and reduced fees across products for individuals, limited companies, HMOs and expats.

If you would like to run an enquiry past Ingard’s Specialist Team, then please call 01702 538 800 or request a call back.

Buy to Let Products for Individuals, Limited Companies and HMOs

Vida Homeloans launch limited edition 2 and 5 year products up to 80% LTV:

  • 5 year fixed rates at 3.99% up to 80% LTV
  • 2 year fixed rates at 3.54% up to 80% LTV
  • 5 year fixed rates at 4.49% up to 80% LTV for loans above £1m, HMO/ MUBs, first time buyers
  • 2 year fixed rates at 4.54% up to 80% LTV for loans above £1m, HMO/ MUBs, first time buyers
  • 5 year fixed rates at 4.14% up to 75% LTV for expats

Plus, the lender has reduced their 1% fee (min £495) on all Vida 1 fixed rates up to £125k

Precise Mortgages launch limited edition 2 and 5 year products:

  • 2 year fixed rates at 2.69% up to 75% LTV for limited companies, HMOs and limited company HMOs
  • 5 year fixed rates from 3.29% up to 75% LTV for limited companies and individuals
  • 5 year fixed rates from 3.49% up to 75% LTV for HMOs and limited company HMOs
  • 5 year fixed rates at 3.79% up to 75% LTV for portfolio landlords (max loan (£500K)
  • Loans up to £3m

Plus, holiday let properties now accepted on Tier 1 products to a maximum of 70% LTV

The Mortgage Lender has reduced several of its 2 and 5 year products:

  • 2 year fixed rates at 3.49% up to 70% LTV for HMOs
  • 5 year fixed rates at 3.65% up to 70% LTV for HMOs
  • 2 year fixed rates at 3.25% up to 70% LTV for limited companies
  • 5 year fixed rates at 3.59% up to 70% LTV for limited companies

 

Buy to Let Launch

Magellan Homeloans expand into buy to let:

  • No minimum income for Professional Landlords
  • Director Loans considered for deposit
  • No Personal Guarantees for SPV Ltd Co. Directors below 65% LTV
  • First time landlords and buyers
  • No credit scoring for added flexibility

Join a webinar with Magellan’s Sales Director on Thursday 27th September to find out more.

 

Mortgage Products for First Time Buyers

Aldermore Bank reduce rates:

  • 2 year fixed rate from 3.98% up to 85% LTV with a £999 product fee
  • 2 year fixed rate from 5.08% up to 95% with no product fee – Purchase Only
  • 2 year fixed rate from 4.58% up to 95% with no product fee – Remortgage Only

Here are just a few reasons why you should try Ingard’s Specialist Team with your next case.