|Product||Gross Fee paid by lender||Net fee paid to regulated broker||Net Fee paid to non-regulated & client referral service|
|1st Charge BTL||0.90%||0.50%||0.22%|
|Non Regulated Bridging||2.00%||1.00%||0.50%|
|BTL Portfolio Range||1.50%||0.75%||0.375%|
- Portfolio fixed range – A new limited distribution, 5-year fixed payrate range, available on our W1 range with loans available from 65% up to 75% LTV across standard and specialist properties – priced from 3.89% with a 2.00% fee.
- Portfolio Tracker Range – A new limited distributor, lifetime tracker range, available on our W1 range, with loans available from 65% up to 75% LTV with no ERC – priced from 3.79% with a 2.00% fee.
- Due to the more complex nature of large portfolio transactions, we are pleased to confirm an enhanced procuration fee of 0.75% will be payable on this product range.
- Lending available up to £15,000,000 – 75% LTV to £10,000,000, 70% LTV £10,000,000 to £15,000,000
- Maximum lending on single asset – £2,000,000
- Minimum portfolio submission amount – £1,500,000
- Block exposure considered up to 100% of block – block discount may apply
- Background portfolio assessed at 100% rental coverage
- Generous ICR calculations – 125% basic rate & Limited company borrowers, 135% HMO/MUB properties, 140% higher and additional rate tax borrowers,
- ICR stress at payrate on 5-year fixed, 5% for lifetime tracker
- Acceptable property and borrower types for portfolio products – Houses, leasehold flats and maisonettes including new build properties through limited company, SPV or personal names. Includes HMO, MUFB, above or next to commercial and holiday lets. Expats considered on referral.
- Complex SPV structures considered
- Streamlined processing available – for portfolio over 5 applications our portfolio team will assist with initial submission
- Portfolio application and legal fees – can be reviewed on case-by-case basis
Our loans are available as first or second charge and have no early repayment charges.
- Fast completions, funds available in as little as 48 hours
- Residential, commercial and land with planning all acceptable – England/Wales/Scotland
- Regulated and Unregulated Loans
- Max LTV of 75% on a 1st charge and 65% on a 2nd Charge
- Rates from 0.6%
- Loans from £75k – £20m+
- No upfront fees & no ERCs
- 2% arrangement fees
- Min term 1 month (interest charged)
- Max term 18 months