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West One
Using an existing portfolio to maximise income
As of April 2022, house prices have risen a cool 10.8% on April 2021, giving homeowners an increase of almost £50,000 in the price of the property over the last two years.
This increasing property value provides portfolio landlords with a fantastic opportunity to maximise their income using the increased equity in their portfolio.
Over the last 12 months West One have helped landlords to grow and upgrade their portfolios or convert a single-let property into a HMO.
Here’s how West One can help portfolio landlords to maximise their income using their existing portfolio:
- Portfolio lending up to £10m per borrower – more than 20 applications or £3m lending by referral
- Leasehold Block exposure to 20 units with up to 100% exposure possible – over 20 by referral
- No background portfolio stress test
- Additional verification (like E-Tech or EDM) is not required
- Great turnaround times from enquiry to application and offer
- Limited company lending with no rate loading
- Fast-track remortgage options to speed up completions
- No minimum income requirements
To discuss a case or register as an introducer please get in touch with the West One team here: https://www.westoneloans.co.uk/buy-to-let-mortgages#introducer
0333 123 4556
btlbrokersupport@westoneloans.co.uk.
Mansfield Building Society
Accommodating an existing Debt Management Plan
Here’s a recent example of house purchase by a couple, where one of the applicants was in an established Debt Management Plan (DMP) as a result of a marital split:
- Loan amount £235,500 at 74% LTV
- Term – 34 years with the oldest applicant aged 36
- Applicant still remained on the former marital home mortgage
- The applicant plans to sell off the former marital home and repay all debts on the DMP
Any adverse criteria must be linked to a single life event with a full acceptable explanation. If an application contains criteria in more than one Versatility category, underwriter discretion will apply. All applications are subject to individual assessment and underwriting.
Our full range of Versatility products is available online via our intermediary mortgages page. Take a look at our criteria guide to see what we can do for your clients.
A common sense approach
If you’ve got a case on your desk that requires a common sense approach to lending then please pick up the phone to our Broker Support team on 01623 676360 or visit https://www.mansfieldbs.co.uk/intermediaries/.
Foundation Home Loans
What exactly is an MUB? – Gemma Lang, Regional Account Manager explains.
As you know, Foundation Home Loans lend on Multi-Unit Blocks, but what constitutes as a Multi-Unit Block? As part of our series on Specialist Property Buy to Let Mortgages, Gemma Lang explains: A MUB (Multi-Unit Block) is a freehold property that has been split into self-contained flats that are not subject to individual leases. This could include a block of flats or a house that has been converted into flats.
Impact Specialist Finance
Energy efficiency discount – Shawbrook Bank
Shawbrook’s new Buy-to-Let Energy Efficiency Discount supports landlords with energy efficient investment properties.
Available on all new Buy-to-Let cases with an Energy Performance Certificate (EPC) rating of ‘C’ or above, landlords can receive up to 60bps discount on the standard arrangement fee of 1.50%.
Landlords can also apply for a partial refund on the arrangement fee if the EPC rating improves to at least a ‘C’ throughout the lifetime of the mortgage with us. This new product enhancement is a positive first step following their recent research into the proposed EPC regulation changes, which saw calls from landlords for more support with energy efficiency improvements.
Download Shawbrook’s latest product guide
Take a closer look at Shawbrook’s product guide to access their Buy to Let Energy Efficiency Discount for your Buy to Let cases.
Lendinvest
What is happening in the Buy-to-Let market?
There is a lot of noise in the Buy-to-Let market at the moment as lenders adjust their products. Amidst all this though, there are plenty of opportunities for brokers and their clients in the rental market if they know where to look. Two of LendInvest’s regional BDMs take a closer look at the current Buy-to-Let market.
Vantage Finance
Complex Buy-to-Let cases made easy with Vantage Finance
When it comes to complex buy-to-let cases, Vantage Finance has a wealth of experience and expertise. Our strong relationships with the lenders on our panel enable us to handle complicated cases seamlessly. We’re able to secure successful outcomes for our clients to expand their portfolios.
Why Vantage Finance:
- Direct access to decision-makers
- Speed of service
- Portfolio landlords welcome with lenient outside Portfolio stress testing
- All property types considered – residential, semi-commercial and commercial
- HMO – Houses of Multiple Occupancy
- Holiday-Lets
- No minimum income required
- First-time buyers and first-time landlords
- Non-standard construction
If you would like more information click here.
To discuss any cases please get in touch via email or give us a call today.
T: 01753 883195
E: enquiries@vantagefinance.co.uk
W: https://www.vantagefinance.co.uk/contact-us
Royal London
Our claims statistics are here
There’s been a lot of change in the last few years, and more than ever your clients want to feel reassured that their protection plan will pay out if they need to make a claim. That’s why our supportive approach to your clients’ claims remains the same.
In 2021 we paid 99.5% of all claims, helping over 84,000 customers and their families.
The experience you and your clients have is important to us too, and that’s why we focus on making it easier for your clients to claim – giving them a single point of contact to manage their claim from start to finish. And they have access to our Helping Hand service, which is there to support your clients before, during and after a claim.
We’re proud of our strong claims track record, and we’ve proven that through pandemics and daily life, you can rely on us to be here when it matters most.
Have a look at our claims paid figures so you can be confident about recommending Royal London to your clients.
Helping Hand is a package of support services, and each service is provided by third parties that aren’t regulated by either the Financial Conduct Authority or the Prudential Regulation Authority. These services aren’t part of our terms and conditions and don’t form part of your client’s insurance contract with us, so can be amended or withdrawn at any time. This means that your client’s or their family’s access to these services could be amended or withdrawn by us in the future.
