Funding 365 has launched specialist three and five- year buy to let offerings, for borrowers in England, Wales and Northern Ireland.
The products cater for a broad spectrum of residential properties including social housing, HMOs, MUFBs, student accommodation and holiday lets. Semi-commercial properties are also considered where commercial is less than 30% of the total value.
The products are also available to expats and foreign nationals with a UK credit footprint, offshore companies and first time buyers all considered on a case-by-case basis.
With loan sizes from £100,000 to £5m (England and Wales) and £100,000 to £3m (Northern Ireland) and fixed interest starting at 7.49% per annum with a 2% arrangement fee, these products have been designed to enable landlords to purchase, re-mortgage or capital raise.
Funding 365 managing director Laura Kendall commented: “We’ve created buy to let products that are simple, straightforward and with clear benefits.”
Halifax for intermediaries has also announced changes to its product range with rate reductions of up to 0.13% on selected homemover and first time buyer products.
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