Wednesday, November 1, 2023
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UTB provides £6.25m commercial bridge
Homes at 1 Mayfair in London's most expensive luxury development will start at £35 million
Blue Shield completes £16.7m bridge for buy to rent landlord
Fleet Mortgages, the buy-to-let specialist lender, has cut rates on all its standard and limited company five-year fixes.
The lender has cut rates by 20 basis points (bps) across these products including: Standard/limited company borrowers – five-year fixed-rate at 70% LTV now at 5.14% and 75% LTV at 5.54%. Green five-year fix product – on those properties with an EPC rating between A-C – cut to 5.44%, available up to 75% LTV. The standard/limited company five year fix at 70% LTV comes with a 5% fee, while all other five-year products come with a 3% fee.
All products come with an interest coverage ratio (ICR) based on the product’s pay rate, calculated at 125% for basic-rate taxpayers and 145% for higher-rate taxpayers.
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
Souce: IFA Magazine
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