Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Gatehouse Bank Update

Below is the latest update from the Gatehouse Bank.  For further details visit their website here.. You can access Gatehouse Banks products via Brilliant Solutions.  Contact us for more information. 

Positive Changes to GHB criteria – increase to FTV thresholds

Maximum finance and FTV levels amended
across all products

We are delighted to announce that today we are making a number of changes to the amount we will finance against Finance to Value (FTV) levels across all Buy-to-Let (BTL) and Home Purchase Plan (HPP) products.

Key highlights include:

  • All finance amounts on the current 80% FTV tiers have increased from £1m to £2m
  • BTL now has an additional 75% FTV tier added, with the maximum finance set at £3m
  • All finance above £3m is now 70% FTV for both BTL & HPP
  • HPP maximum finance has increased from £2.5m to £5m
  • Maximum finance on the 75% FTV HPP tier has increased from £2.5m to £3m
  • HMO and MUFB maximum FTVs will remain at 75% (separately or in a portfolio) but the maximum finance will increase to 75% up to £3m and remain at 70% for finance £3m to £5m

The changes are intended to align all our products and further improve the offering we provide to our broker partners and customers. The tables below clarify the changes to maximum finance and FTV levels:

BTL Product changes:

Product /
Applicant Type

Max FTV
to £2m

Max FTV
£2m+ to £3m

Max FTV
£3m+ to £5m

UK Resident & UK Expat BTL

80%

75%

70%

UK Resident & UK Expat HMO/MUFB

75%

75%

70%

International BTL

80%

75%

70%

International MUFB

75%

75%

70%


HPP Product changes:

Product /
Applicant Type

Max FTV
to £2m

Max FTV
£2m+ to £3m

Max FTV
£3m+ to £5m

UK Resident

80%

75%

70%

UK Expat

80%

75%

70%

International Resident

80%

75%

70%


These changes complement our existing product range available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase or refinance property in England and Wales. Our full range of products can be found here.

Share this:
Scroll to Top