We’re making changes to our Buy to Let New Business product range
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Thursday 5 February, we’re making changes to our Buy to Let New Business product range. The current range will be withdrawn at 10pm Wednesday 4 February and the new range will be available at 8am Thursday 5 February.
What’s changing?
- 80% LTV – rates will be decreasing by up to 0.11%
- Up to 75% LTV and across all terms:
- Rates will be increasing by 0.08% on remortgage products
- Rates will be increasing by 0.10% on house purchase products
What else is changing?
End dates will be extended to the end of May.
What else do you need to know?
Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product. If you are yet to submit a DIP, please do so as soon as possible as any referrals will only be looked at during normal office hours.
For Buy to Let applications, the product selected will impact the maximum loan we can offer. As a product cannot be selected at DIP stage, it is important that you use our rental calculator which can be found here as this allows you to input the details of the product required and provide you with a more accurate maximum lending amount. The actual maximum lending available will be determined at the point you submit a Full Mortgage Application.
Buy to Let New Business Product Finder
Speeding things up for you
We know it’s very busy at the moment – to find the information you need in a hurry (including our criteria) our website and chatbot are here to help you get answers quickly and easily.
You can also access MSO for real time updates on existing cases, freeing up time to help you, help more clients.