Intermediary News

Reprice of our BTL and HPP product ranges, maximum finance increased to £5m and 95% FTV reintroduced

We are delighted to announce that we have today repriced our entire range of Buy-to-Let (BTL) and Home Purchase Plan (HPP) products and increased our maximum finance to £5m. In addition, we have reintroduced our 95% FTV HPP products for UK residents.

Buy-to-Let product changes:

  • All BTL products, including Green, HMO and MUFBs and covering all UK residents, UK Expat and International resident applicants have been reduced by 0.65%
  • Maximum finance on all BTL products has increased to £5m from £1m (now 80% FTV to £2m, 75% to £3m and 70% above £3m). FTVs for HMOs and MUFBs will be 75% to £3m and 70% above £3m
  • UK BTL 2-year fixed rental rates from 6.14% and 5-year fixed from 6.50%
  • UK Expat and International resident fixed rental rates from 6.50%

Home Purchase Plan product changes:

  • All HPP products, including UK resident, UK Expat, International resident and all ‘Green’ products, have been reduced by between 0.65% and 1.00%
  • Maximum finance on all HPP products up to 80% FTV has been increased to £5m from £1m (now 80% FTV to £2m, 75% to £3m and 70% above £3m)
  • 95% FTV HPP finance with a maximum finance of £500k is available to all UK applicants, including First Time Buyers (FTBs) and home movers
  • 90% FTV is being increased to £600k (from £500k)
  • UK HPP 2-year fixed rental rates from 5.89% and 5-year fixed from 5.85%
  • UK Expat and International resident fixed rental rates from 6.29%

Full details of all our new rates can be found here.

For existing applications post offer, a new application will need to be submitted if you wish to access our new product range and will be subject to any applicable fees and new T&C’S.

Please note, to provide advice on HPP products you are required to hold specific HPP permissions with the FCA.

Our product range is available to UK residents, UK Expats, International residents and UK registered corporate entities looking to purchase property in England and Wales. Our full range of products can be found here.

To review our current service levels, click here.

If you have any queries or require further information our team remains available via phone and email, details of which can be found here.

Thank you for your continued support.