Distributor
The
August 2014
FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.
We are the full package!
Buy to Let
Packaging
Commercial
Semi-Commercial
Contents
Dear Members,
Welcome to another edition of our newsletter!
As we approach the end of the summer it’s time to start thinking ahead. September is just around the corner and with it the chance to freshen things up and start anew. Those of us with children will still have a ‘new school year’ mentality. Indeed, September always fills me with optimism.
Of course, we have quite a lot to be optimistic about at present, namely our move into the packaging market. We set up a packaging department to cater for the unprecedented demand for niche lenders, and since starting to package for commercial lenders, we have joined forces with a number of leading names.
We currently act as packager for Aldermore Commercial, Blemain Finance, Capital Bridging, Dragonfly, InterBay Commercial and Shawbrook Bank. Earlier in the summer we became packagers for Precise Mortgages, giving you access to packager exclusives and 80% LTV products. We do not charge a packaging fee and we cover commercial, semi-commercial, HMO, complex buy-to-lets, bridging and refurbishment products.
This is a new area for us but it is one we are already finding great success in, and we hope to continue to grow it.
I hope you all enjoy the rest of your summer, make the most of the time to relax while the market is somewhat quieter, and then regroup and get ready for the new year.
See you next month!
Ying Tan
Ying Tan
Managing Director
Buy to Let Club
The Distributor 2
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Buy to Let
Equity Loan
KRBS Package
Guide
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FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.
This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act 1974. Details correct at time of going to press.
NEW & IMPROVED
BUY TO LET MORTGAGES
PRECISE MORTGAGES
80% LOAN TO VALUE FROM 3.50%
PRIME AND ALMOST PRIME PRODUCTS
FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.
This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act 1974. Details correct at time of going to press.
Shawbrook Bank have announced details of their new three,
four and five year fixed rate products!
These fixed options are priced at a premium above the current variable
rate.
To find out how to calculate the fixed interest rate, please see below
-Product Margin + LIBOR (subject to a floor of 0.75%) + Fixed Premium
Please see below for details of the fixed premium
-No additional fees payable on fixed rates
We do not charge a
packaging fee!
Fixed
Period
Residential Products
(RI, RR, LR)
Commercial Products
(CI, TB, LCI)
3 years
4 years
5 years
0.95%
1.19%
1.46%
1.01%
1.17%
1.46%
FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.
This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act 1974. Details correct at time of going to press.
Rates start from 4.00% above 3 month LIBOR
(subject to a minimum rate of 0.75%)
Loans available from £75,000
Commercial and Semi-Commercial products
Buy to Let products up to 85% loan to value
HMO products up to 75% loan to value
Market leading rental calculation
Loans available to individuals, SPVs, LLPs,
partnerships, trusts and pension schemes
FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.
This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act 1974. Details correct at time of going to press.
We package for Dragonfly Property Finance!
Products available for –
•
Up to 18 months
•
Regulated bridging loans
•
Non-regulatedresidential investment loans
•
Second charges
•
Development and mezzanine loans
•
Commercial property loans
We do not charge a packaging fee!
BRIDGING
FINANCE
BUY TO LET EXCLUSIVE
2.69% 2 Year Discounted Rate Revert to lender’s SVR of 5.64%
Maximum 60% Loan to Value Rental cover of 135% @ 2.69%
£999 arrangement fee Free valuation up to £1,000,000
No Early Repayment Charge
BUY TO LET EXCLUSIVE
2.95% 2 Year Fixed Rate Revert to lender’s SVR of 4.50%
Maximum 70% Loan to Value £1,495 arrangement fee Maximum loan £500,000 Free valuation & legal’s for
remortgage
2% ERC in year one and 1% ERC in year two
REM Product Code: FO8972 PUR Product Code: FO8968
Buy to Let Club
The Distributor 7
Our Buy to Let Exclusive Products
BUY TO LET EXCLUSIVE
3.50% 3 Year Fixed Rate Revert to lender’s SVR of 4.50%
Maximum 75% Loan to Value £1,495 arrangement fee Maximum loan £500,000 Free valuation & legal’s for
remortgage
3% ERC in year one, 2% ERC in year two and 1% ERC in year three
REM Product Code: FO8974 PUR Product Code: FO8970
BUY TO LET EXCLUSIVE
4.09% 5 Year Fixed Rate Revert to lender’s SVR of 4.50%
Maximum 70% Loan to Value £1,495 arrangement fee Maximum Loan of £500,000
Free valuation & legal’s for remortgage
5% ERC in year one, 4% ERC in year two, 3% ERC in year three, 3% ERC in
year four and 1% ERC in year five REM Product Code: FO8975
RESIDENTIAL EXCLUSIVE
2.39% 2 Year Fixed Rate Revert to lender’s SVR of 4.74%
Maximum 70% Loan to Value £995 arrangement fee Maximum loan £1,500,000 Homebuyer & Remortgage Solution
Free valuation & £250 cash back 3% ERC for two years
Product Code: M369H Product Code: M369R
Buy to Let Club
The Distributor 7
Our Residential Exclusive Products
RESIDENTIAL EXCLUSIVE
2.55% 2 Year Fixed Rate Revert to lender’s SVR of 4.74%
Maximum 75% Loan to Value £995 arrangement fee Maximum loan £1,000,000 Homebuyer & Remortgage Solution
Free valuation & £250 cash back 3% ERC for two years
Product Code: M370H Product Code: M370R
RESIDENTIAL EXCLUSIVE
3.49% 2 Year Fixed Rate Revert to lender’s SVR of 4.74%
Maximum 85% Loan to Value £495 arrangement fee Maximum Loan of £750,000 Homebuyers & Remortgage Solution
Free valuation & £250 cash back 3% ERC for two years
Product Code: M371H Product Code: M371R
RESIDENTIAL EXCLUSIVE
3.39% 5 Year Fixed Rate Revert to lender’s SVR of 4.74%
Maximum 70% Loan to Value £995 arrangement fee Maximum Loan of £1,000,000 Homebuyer & Remortgage Solution
Free valuation & £250 cash back 5% ERC for five years
Product Code: K990H Product Code: K990R
BUY TO LET SEMI-EXCLUSIVE
4.99% 2 Year Fixed Rate Revert to lender’s SVR of 6.58%
Maximum 85% Loan to Value Rental cover of 125% @ 5%
2.5% arrangement fee £130 booking fee Minimum loan £100,000 Maximum loan £1,000,000
4% ERC in year 1 and 3% ERC in year 2
Buy to Let Club
The Distributor 8
BUY TO LET SEMI-EXCLUSIVE
4.89% 2 Year Discounted Rate Revert to lender’s SVR of 6.58%
Maximum 85% Loan to Value Rental cover of 125% @ 5%
2.5% arrangement fee £130 booking fee Minimum loan £100,000 Maximum loan £1,000,000 No Early Repayment Charge
SECOND CHARGE SEMI-EXCLUSIVE
0% interest
Equity share of the uplift Up to 85% LTV in total Maximum 20% LTV with lender
1% arrangement fee 5% ERC in year one Call us for more details
PORTFOLIO FINANCE SEMI-EXCLUSIVE
Initial rate of 2.25% to 4% above industry 3 month LIBOR, currently 0.508% (Rate is subject to negotiation
and dependent on serviceability and security)
Maximum term of 5 years
Maximum LTV of 65% for repayment Maximum LTV of 60% for interest
only
Rental cover is 125% of capital and interest payment based on a notional
base of 2.5% plus margin
0.5% commitment fee (payable on acceptance of the offer and refunded
on completion)
1.5% arrangement fee (can be added to the loan)
No fees are charged for partial capital repayments if the security is
undisturbed
Lender Panel & Procuration Fees
Buy to Let Club
The Distributor 9
Lender
Product Type
Gross Fee
Net Fee
Buy to Let 0.50% 0.45% Buy to Let 0.50% 0.48% BTL & Residential Commercial 0.45% 0.40% 0.75% Buy to Let £947.50 Min
£10,000 Max
£852.75 Min £9,000 Max Buy to Let &
Commercial 1.25% 1.00%
Buy to Let
Additional Borrowing & Product Transfers
0.44% 0.41%
Bridging Finance 2.00% 1.00%
BTL 2nd Charge 2.00% 1.50%
Bridging Finance 1.75% 1.50%
Buy to Let 0.37% 0.32%
Buy to Let &
Commercial 1.50% 0.75% Buy to Let Residential 0.50% 0.35% 0.45% 0.30% Buy to Let 0.50% 0.40% Buy to Let Residential 0.42% 0.32% 0.37% 0.25%
Lender Panel & Procuration Fees
Buy to Let Club
The Distributor 10
Lender
Product Type
Gross Fee
Net Fee
Buy to Let 0.42% 0.40% Buy to Let 0.32% 0.30% Buy to Let 0.36% 0.34% Buy to Let Residential 0.45% 0.32% 0.40% 0.30% Buy to Let 0.48% 0.43% Buy to Let Residential Bridging Packaged 0.60% 0.60% 1.75% 0.80% 0.50% 0.50% 1.30% 0.50% All Products 0.40% 0.38% Up to £1 mil loan £1 mil to £5 mil loan
*All fees are subject to change
50% of arr. fee* 0.50%* 40% of arr. fee* 0.40%* Buy to Let Residential Residential 5 yr fix + 0.50% 0.33% 0.40% 0.46% 0.32% 0.36% Buy to Let 0.60% 0.30% BTL & Commercial Bridging Finance 1.50% 1.95% 0.75% 1.00% Buy to Let 0.44% 0.39% Bridging Finance 1.20% 1.00%
Buy to Let & Flexible Mortgages Rate Switches 0.34% 0.20% 0.32% 0.18%
Contact Us
Mortgage Club Manager
Our Partner Charity
Contact Cat Armstrong, by calling
07795 622 605,
or email
cat.armstrong@buytoletclub.com
Buy to Let Club
The Distributor 11
The Ollie Young Foundation is a charity dedicated to finding a cure/prevention for brain tumours. With 120 different types of other brain tumours, it is
the biggest cancer killer of children.
The Ollie Young Foundation also supports local hospices and organisations that helped to support the Young family during their tragic ordeal. Please take a few moments to look at their website and find out a bit more about young Ollie and his family…
http://www.ollieyoungfoundation.org/olliesstory.html
We have set up a JustGiving page and we would appreciate if you could help us raise as much money as possible for this incredible charity!
http://www.justgiving.com/TBTLB-Support-Ollie-Young-Foundation
01276 601 041
info@buytoletclub.com
www.buytoletclub.com
Suite 1.1 Coliseum Building, Riverside Way,
Camberley, Surrey, GU15 3YL
Images in this months issue have been supplied by www.shutterstock.com
