Exclusive 75% LTV Ltd Co Product!
Mortgages for Business is pleased to announce a new and exclusive Ltd Co mortgage product.
This is great news for the increasing number of landlords looking to purchase properties in the name of their Ltd Co. There are some restrictions for Property Developers and borrowers whose sole income is derived from property, but we expect demand to be very high as more stock comes on to the market. Initially, this product is only available for “vanilla” Buy to Let transactions with alternative products available for the more complex residential investments.
• 75% LTV - exclusive to Mortgages for Business
• Base + 4.75% (APR of 5.6%)
• Lender Fee 2%
• Booking fee of £250
• Early Redemption charge of 3% in the first 4 years
• Interest only available for the term of the loan
• Maximum term 25 years
• Maximum loan per property £375,000
• Available for both Trading companies and SPVs
• Improved pricing for 70% LTV and below (4.24% above Base Rate; 1.6% Lender Fee)
• Capital raising up to 60% LTV
Available up to 75% Loan to Value, this product had been predominantly designed for Limited Company BTL purchases and like for like remortgages.
For further information on this offering and to discuss your needs please contact us on 0845 1489 238.
Processes
As an Introducer Appointed Representative of the Mortgages for Business network you are obliged to transact all of your business in a uniformed manner as detailed in the process map.
Mortgage Flow assists this process through the integrated workflows and our compliance department is always available to clarify any areas of concern.
If you have any further questions around your Introducer Appointed Representative scheme then please contact us on 0845 148 9240 or email address network@mortgagesforbusiness.co.uk
Related Documents
