The latest update from Family Building Society can be found here. Remember, we are able to package on a fees free basis for Family Building Society and also offer support to brokers who wish to deal directly via our mortgage club. Further details are available across our website. Full details of product range here.
We’ve made several improvements to our products and criteria to help landlords in a challenging environment:
- Interest Coverage Ratio (ICR) reduced to 125% for Limited Company applications
- HMO and MUFB applications now accepted up to a maximum of 75% LTV
- HMO products available for Limited Company and personal name BtLs, plus UK expats abroad.
Our criteria can be surprisingly flexible, and with our manual underwriting approach we consider each application on a case-by-case basis and make a common-sense decision for your client.
How can we help?
- No minimum income
- No limit on number of properties in a SPV
- No stress test on background properties held (only self-financing properties required)
- Max LTV for all BtL products now 75%
- We accept applications up to age of 89
- Expat cases accepted from over 40 countries, plus more through agreed packagers
- Personal guarantees not required up to 65% LTV
- We have a common-sense approach to lending and use real human beings to underwrite each mortgage case.