Redwood Bank
Lender Documents
Proc Fee
| Product | Gross Fee paid by lender | Net fee paid to regulated broker | Net Fee paid to non-regulated & client referral service |
|---|---|---|---|
| BTL/Commercial | 1.50% | 0.75% | 0.38% |
Commercial properties
For landlords purchasing or refinancing commercial properties
- Mortgages from £50,000 to £5m
- Up to 70% loan to value
- Fixed terms from 2-20 years
- Net rental income should represent at least 130% of monthly repayments
- Interest only options available
- Mixed-use properties considered.
Borrowers should normally have:
- At least two years’ experience as a professional landlord
- A minimum of two properties in England, Scotland or Wales.
Residential properties
For landlords purchasing or refinancing residential properties
- Mortgages from £50,000 to £5m
- Up to 70% loan to value (and up to 100% of loan to cost for Houses of Multiple Occupancy (HMOs)
- Fixed terms from 2-30 years (25 years max for HMO properties)
- Net rental income should represent at least 130% of monthly repayments
- Interest only options available
- Mixed-use properties considered.
Borrowers should normally have:
- At least two years’ experience as a professional landlord
- A minimum of four properties in England, Scotland or Wales.
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