Overview - Residential & Buy to Let
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Mortgages
Short Term Products
First charge or second charge, residential or buy to let, unlike others they don’t box-tick or credit-score. Society is changing, and their mortgage products reflect that: from helping contractors and self-employed to those that don’t meet the typical high street profile.
Take a look at their criteria highlights available across their mortgage products
Self Employed
- From 18 months trading – accountants certificate accepted
- Projections considered if 9 months into current trading period and have 2 years finalised
- Salary plus share of dividend used for Limited Companies
Credit Flexibility
- No Credit Scoring
- CCJs/Defaults under £300 or over 36 months allowed
- Recent CCJs/Defaults and missed mortgage payments also considered
Contractors
- From 3 months in the role
- Day rate x 5 x 46
- 1 month remaining on contract and evidence of renewal
You’ve also got access to their second charge mortgage range that are great for customers with:
- Very competitive existing fixed/tracker rates on their current mortgage
- Recent CCJ’s/Defaults under £300
- Existing mortgage on interest only
- Early redemption charges
Key product features:
- Loans from £10,000-£750,000
- Residential and Buy to Let
- Up to 75% LTV
- No credit scoring
- No ERC’s on residential ranges
- CCJs/defaults under £300 or over 36 months ignored
- Available in England/Scotland/Wales
Overview - Bridging
They recognise that in an increasingly diverse world, you need a range of short-term lending solutions supported by excellent service and competitive rates.
Bridging Plus
- For loans over £750,000
- Dedicated senior underwriting team
- Attractive commission
Standard Bridging
- For refurbishments, extensions and customers with credit problems
- First charge up to 65% LTV
- Second charge up to 60% LTV
Prime Bridging
- Competitively priced, flexible option for customers with clean credit
- First charge up to 70% LTV
- Second charge up to 65% LTV
Light Development
- Enhanced LTVs and reduced rates
- Up to 60% of purchase price
- Up to 100% of build costs funded in arrears
Development Finance
- For ground up developments, self build and larger extensions
- Up to 50% of purchase price
- Up to 25% of value if already owned
- Up to 100% build costs funded in arrears