Tag: MUFB
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LendInvest Offers Zero Valuation Fees for First-Time Landlords
LendInvest Mortgages has just unveiled a new promotion specifically designed for those looking to dip their toes into the buy-to-let waters for the first time. This initiative not only includes complimentary property evaluations for Small Houses in Multiple Occupation (HMOs) valued up to £500,000, but also introduces significant price reductions across their entire range of…
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CHL Mortgages Slashes Buy-to-Let Rates
CHL Mortgages, a specialist in the buy-to-let market, has revealed a significant reduction in its mortgage rates. The lender has cut its rates by up to 0.37%. But what does this look like in real terms? Flexible Fees and LTVs Understanding the lingo is crucial here. LTV, or Loan to Value, is a percentage that…
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Zephyr Homeloans Makes Buy-to-Let More Affordable
Zephyr Homeloans, a specialist in buy-to-let mortgages, has slashed its interest rates, making it cheaper for landlords to borrow money for investment properties. Zephyr is reducing its mortgage rates by 15 basis points (bps) across both its five-year fixed rate and lifetime tracker mortgage offerings. This adjustment means lower costs for landlords looking to finance…
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Savings for Landlords as Landbay Cuts Rates
Landbay, a key player in the buy-to-let mortgage sector, has announced significant rate cuts across a range of its products, specifically targeting those interested in houses with multiple occupations (HMOs) and multi-unit freehold blocks (MUFBs). For small HMOs and MUFBs—properties with up to six bedrooms or units—Landbay has trimmed interest rates by up to 0.25%.…
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Bridging Finance – The Basics
The latest reports from the Association of Short Term Lenders are in, and they’re impressive: in the third quarter of 2023, bridging finance saw a record surge. Applications jumped over 8%, completions nearly 11%, and loan books expanded by more than 18% compared to the previous year. So, it’s a good time to cover the…
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CHL Mortgages Reduces Buy-to-Let Rates
CHL Mortgages has announced substantial reductions in their interest rates, specifically targeting the buy-to-let market. This change is particularly focused on their CHL 1 product line, designed for those with a clean credit history. It covers standard buy-to-let options as well as specialised types like small houses in multiple occupation (HMO) and multi-unit freehold block…
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Fleet and Keystone Cut BTL Rates for 2023
Two companies in the buy-to-let (BTL) mortgage market, Fleet Mortgages and Keystone Property Finance, have announced significant reductions in their interest rates. Fleet Mortgages has reduced the interest rates on its range of mortgage products. These cuts cover two-year, five-year, and seven-year fixed-term mortgages across three main categories: standard, limited company, and HMO (Houses in…
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LendInvest Reduces Buy-to-Let Rates
LendInvest Mortgages has announced a significant reduction in their buy-to-let mortgage rates. The rates have been slashed by up to 0.80%, with new starting rates as low as 3.79%. They have also enhanced their support for more complex buy-to-let scenarios. This includes facilitating loans of up to £1.5 million for large Houses in Multiple Occupation…
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CHL Mortgages’ New BTL Offerings
CHL Mortgages, a specialist in the buy-to-let sector, has recently revamped its offerings, which are now categorized into two main ranges: CHL 1 and CHL 2. This restructuring aims to provide more tailored options to different types of clients. The CHL 1 Range: For Those with Clean Credit The CHL 1 range is primarily designed…
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LendInvest Launches BTL Mortgage Below 4%
LendInvest Mortgages has recently announced a significant update to their product offerings, especially targeting the buy-to-let sector. This update aligns with the broader economic trends, particularly the Bank of England’s recent decisions regarding interest rates. Key Features of the New Product Suite Impact on the UK Property Market Sophie Mitchell-Charman, the Commercial Director at LendInvest,…