Pepper Money are heating things up this summer by launching a limited edition Summer Special, with rate reductions across nearly all Residential and Buy to Let products.
Rates have been cut by up to 0.15% across…
Residential and Buy to Let Pepper 6-24 5 year fixed products
Residential Pepper 6-18 2 year fixed products
All DMP products
The Summer Special means that rates now start at 3.56% for Residential and 3.48% for Buy to Let. Clients with an active DMP can access rates from 3.63%.
Paul Adams, Sales Director at Pepper Money, says:
“At Pepper Money, we’re always reviewing our products to ensure they provide excellent value and we’re really pleased that we’ve been able to identify this opportunity to launch a limited edition Summer Special. With rates for borrowers who have had credit problems within the last two years available from 3.56%, we are demonstrating to brokers and their clients that affordable mortgages can still be accessible to customers with adverse credit.”
Rates – Masthaven has reduced rates across Bridging Plus, Prime and Standard, giving you access to some of the best on the market.
Refurbishments - now available for the first time on the lender’s Prime range and new and improved for Standard. The new Prime proposition includes kitchens, bathrooms, heating, wiring, windows, doors and roof coverings. Standard includes extensions up to 50% of square footage, loft conversions and the conversion of single units into multiple units (residential only, maximum 4).
Masthaven has also introduced an innovative top-up feature on both Prime and Standard up to 100% of the cost of work, as long as there's no LTV increase from the original advance.
You can submit a bridging case through our 1APP system now!
Remortgage activity has long proved a vital revenue stream for intermediaries within the buy-to-let sector. Particularly in recent times as the increase in stamp duty charges for ‘additional property owners’ has impacted the number of new purchases, a trend which shows no sign of slowing down any time soon.
A recent study by Foundation Home Loans – undertaken by BVA BDRC – suggested that nearly a third of all landlords took out a remortgage last year, and a similar number are expected to remortgage in the next 12 months. And, with more landlords looking for additional security and greater longer-term stability over their payments, the launch of the Foundation Home Loans five-year fixed rate remortgage special is bound to prove attractive for your BTL clients.
The new mortgage is part of Foundation’s Tier 1 product range and can be accessed by first-time landlords, non-portfolio and portfolio landlords.
The five-year fixed rate remortgage special is priced at 3.59% up to 65% LTV, and 3.89% up to 75% LTV. The product comes with a flat fee of £2,995 and ERC’s of 5%, 4%, 3%, 2%, 1%. It also comes with one FREE standard valuation and £250 cashback upon completion.
Contact TFC Homeloans now for more information and to apply.