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.
Do you have a BTL case? We can help!
With our wide range of BTL products for UK landlords, Limited Companies and Expats coupled with our common sense approach to lending and manual underwriting for each and every mortgage, we have a good chance of helping you place your case. Even those particularly tricky ones!
Recent improvements to our products and criteria:
- New 2 Year and 5 Year Expat Limited Company BTL products
- Interest Coverage Ratio reduced to 125% for Limited Company applications
- HMO and MUFB applications now accepted up to a maximum of 75% LTV
- HMO products avaliable for personal name BTL and UK Expat landlords, as well as Limited Companies.
How we can help:
Key Criteria:
- No minimum income
- No stress test on background properties held (just need to be self-financing)
- Max LTVs for BTL products is 75%
- We accept applications up to the age of 89
- No max to the number of properties in your client’s portfolio.
Limited Company:
- We recently reduced our minimum Interest Coverage Ratio (ICR) requirement for all Limited Company BTL applications to 125%
- We do not require personal guarantees up to 65% LTV.
Expat:
- Expat cases accepted from over 40 countries, plus further countries through agreed packagers
- Available to UK Nationals ages over 18 who are working abroad and whose family are remaining in the UK (subject to certain conditions).
HMO:
- HMO and MUFB applications will be accepted up to a maximum of 75% LTV
- HMO applications will be accepted for personal name UK and Expat and Limited Company landlords
- Available for properties with up to four bedrooms and a max of six tenants.