Feature of the Week

December and holiday opening hours

The wonderful festivities are just around the corner but if you need to get hold of us, our Mortgage Broker Helpdesk will be open as follows:

December 2023

 Mortgage Broker Helpdesk closing early for training:

• Friday 8th: 9am – 4pm
• Tuesday 19th: 9am – 3pm

Festive period:

• Monday 25th (Christmas Day): closed
• Tuesday 26th (Boxing Day): closed
• Wednesday 27th: 9am – 4pm
• Thursday 28th: 10am – 4pm
• Friday 29th: 9am – 4pm

January 2023

• Monday 1st (New Year’s Day): closed
• Thursday 11th: 10am – 3pm

Happy holidays and thank you for your support this year.

Enhanced BTL stress rates with reduced pricing across both Residential and BTL Ranges

We have listened to your feedback and made several enhancements to our buy to let offering, as well as reducing price across all Residential and Buy to Let Ranges.

So what’s new?

Buy to Let

• Enhanced stress rates, including Top Slicing:
• 2 year fixed – 140% @ pay rate + 2%
• 5 year fixed & pound-for-pound remortgages – 140% @ pay rate + 0.5%
• Use of Earned Income (Top Slicing) – 100% @ product selected, as above
• Visit our updated Rental Criteria Guide for full details.

Our Buy to Let calculator has been updated in line with these enhancements - use our Buy to Let calculator to find out how much your customer could borrow.

• Dual product options are now available on the BTL range, to provide you and your customers with increased choice. Rates now start from:
• 2 year - 4.79% with a 4% fee or 5.79%, with a £1,999 fee
• 5 year - 4.99% with a 4% fee or 5.49%, with a £1,999 fee

Residential Pricing

• Rates reduced by between 0.3% - 0.7% across both the New and Existing Customer Ranges

For full details on the points above, please refer to our Lending Criteria Guide and Product Guides. Download our updated Packaging Checklist.