The FCA defines a high-net-worth (HNW) mortgage client as: “A customer with an annual net income of no less than £300,000 or net assets of no less than £3,000,000, or whose obligations are guaranteed by a person with an income or assets of such amount.” Why is this important for buy-to-let (BTL)? Because, although
Foundation Home Loans has launched an Extra range of products within its F2 buy-to-let range covering more unusual properties and landlord borrower needs. Foundation’s F2 buy-to-let proposition is available for both portfolio and non-portfolio landlord borrowers with some historic credit blips, and these new F2 Extra
Catalyst has launched Latitude Buy To Let; a product designed for landlords who fall outside mainstream lending. Latitude has a 100% interest cover ratio (ICR) plus unlimited top slicing. Every application is manually underwritten. The product caters for unusual and complex property types, including holiday lets and
Hanley Economic Building Society has launched a fee-free two-year fixed rate product with a headline rate of 5.55%. This product is available up to 75% loan-to-value for purchase and remortgage purposes. It includes a free valuation alongside no application or arrangement fees. It also features a £250 contribution to
Metro Bank has reduced pricing across its residential and Buy-to-Let product ranges. The residential rates are reduced between 30 - 70 basis points for new and existing customers. The high street bank, which services 2.8 million customer accounts, said it has also enhanced its Buy-to-Let stress rates. The rates for