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.
Mortgage Flow
Mortgage Flow is specialist Buy to Let broker tool incorporating the marketing leading sourcing element and the newly developed portfolio management tool.
Mortgage Flow allows you to source all of your Buy to Let business, manage all of your client’s personal and portfolio data, build a powerful Customer Relationship Management tool and transact all of your business in a efficient and effective manner.
Mortgage Flow is internally developed and has been enhanced over the last few years with feedback that we have received from you, the user. Therefore we welcome your feedback on how we can make further productivity gains through this invaluable tool.
If you have questions around the functionality of Mortgage Flow or you would like to give us your ideas for further enhancements of the system please contact us on 0845 148 9078 or email address network@mortgagesforbusiness.co.uk
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