Inform 21st October 2022

MT Finance’s updated Buy to Let product range is only available through a select group of packagers, which includes Impact Packaging. The range includes a 125% income coverage ratio available to first-time buyers and allows up to four applicants.

Unique Selling Points:

• Affordability: 125% across all tax brackets
• FTB/FTL: Only on standard or single AST properties
• Adverse Credit: Allow up to 2 missed secured or unsecured payments
• Floor area: 28sqm
• Small HMO available up to 80% LTV, Large HMO up to 75% LTV
• Expat: Max 65% LTV. Residency in EEA or FATF member countries only
• Flats above or adjacent to commercial
• Ex-Local: Max 70% LTV. Balcony & Deck access acceptable subject to valuers comments

Download MT Finance’s latest product guide
Take a closer look at MT Finance’s latest product guide to help find a solution for your clients’ buy to let cases.

Have a case you would like to discuss? Call the impact packaging team now on 01403 272625

Did you know that from 2025, under proposed changes, all new tenancies will be required to have a valid EPC rating of ‘C’ or above, with existing tenancies to follow suit in 2028?

There are fears that the private rented sector is sleepwalking into a disaster, with many landlords unaware or underprepared for the changes required to upgrade their properties.

In our recent video series, Paul Huxter, Head of Sales at West One, Buy-to-Let, discusses how your landlord clients can navigate these changes.

Watch the video series in full here.

We hope you find this information useful, if you would like to discuss a case or have an enquiry then please do not hesitate to get in touch with the Buy-to-Let broker support team at West One.

T: 0333 123 4556
E: hello@westoneloans.co.uk
W: https://www.westoneloans.co.uk/contact

Do you have a home for your complex buy to let cases? If not, we can help you fill that gap!

Don’t just take our word for it, see how we helped a recent broker with their complex buy to let case….

Case study:
A client was looking to buy a block of 5 flats in a multi-unit freehold property, which had a purchase price of £500,000. The client’s plans were to buy the property and create individual leases on each of the flats at the same time. However, many lenders do not like this.

Our solution:

• Client secured the property
• They took out individual loans, all with the same lender
• Our lender valued the property as if the leaseholds were already in place
• The client chose a fixed rate instead of the suggested tracker rate

If your clients are struggling to get funding for a complex buy to let case, call our experts today and we can help them achieve their investment goals!

Call us free on 0800 096 0650 or visit the TLE website.

In today’s climate, with rates and product availability changing rapidly, knowledge of the specialist market has never been more important.

Specialist lenders can help with real life situations, and seeing past the high street could help you:

• Engage with clients and anticipate their needs
• Educate and inform,  using market information and understanding of criteria

When it comes to challenges surrounding real-life lending, we can help. Louise, our National Distribution Manager, has taken some time to share the insider ways of TML and what this means for you and your customers.

Watch the video here.

As existing products mature, the question is – how might this impact future profitability and could this impending rate shock stop some smaller landlords from adding to their portfolios?

In a reflection of the previous two quarters, the latest Q2 2022 BVA BDRC Landlord survey illustrated that around 3 in 10 leveraged landlords plan to re-mortgage in the next 12 months.

Click here to read the full story.

What is an ‘Early remortgage’ product

Many lenders only accept re-mortgage applications where the applicant’s existing mortgage has been running for at least six months.

This restriction can prove a disadvantage for certain buy to let borrowers, so some lenders including Foundation now permit re-mortgaging within six months of initial purchase.

Click here to read the full article.

How specialist lenders are helping on your mortgage journey

The UK housing market has frequently proven its appeal and resilience in various ways. Inevitably, there are periods when it will come under greater scrutiny in terms of price, supply and activity.

Currently, questions remain over the impact of escalating living costs, rising interest rates and mortgage rates which have increased in recent months to reflect upward swap rate movement.

Click here to read the full article.

As the temperature cools and the leaves begin to fall, the cost of living crisis is looming heavy on everyone’s minds.

With inflation at a 40-year high and interest rates having more than doubled in past year, how can we help you navigate the turbulent market and support your customers through this difficult period?

This was the topic we discussed in our latest market-focused webinar, where I was joined by Sarah Tucker from The Mortgage Mum, Richard Merrett from Simplybiz, Nathan Reilly from Twenty7Tec and Craig McKinlay from Kensington Mortgages.

Read the full article here.

Send your clients a warm message over the festive period with our new Christmas cards.

Our Christmas cards are a perfect opportunity to connect with existing clients or reach out to those you haven’t heard from in a while.

View our Christmas card designs here.

✔ Choose your design
✔ Choose your text
✔ Add in your company logo
✔Choose how many you would like to print and we will deliver to your door

Beat the Christmas rush this year and order your cards by emailing marketing@pureretirement.co.uk. View our Christmas card designs here

Want to promote your business and reach clients even further? Take a look at our other resources in our adviser toolkit here.

LendInvest is offering a new, lower-rate Buy-to-Let option seen as a product for the current challenging market.

For a limited time only, your landlord clients can benefit from long-term stability for their properties at a lower cost.

Here is what you need to know:

• Lower rates
• Four new products across 5- and 7-year fixes
• Even lower rates for properties with a higher EPC rating
• ICR stress tests at pay-rate, meaning your clients could borrow more

Please note: these are limited edition products and we reserve the right to withdraw them any time.

Find out more.

Today we will be launching a new Green Reward proposition for existing customers, as part of our ongoing sustainability strategy.  This is to encourage and help existing customers ‘green their home’, either by improving its energy efficiency or reducing its carbon footprint.

When existing customers take additional borrowing, either as part of a Product Transfer or as Standard Alone Additional Borrowing (SAAB), and subsequently spend a minimum of £2,500 on green home improvements they will be rewarded with £250 cashback (subject to a comprehensive list of eligible green improvements).

Customers will need to register for the scheme, and once the home improvements are complete can claim their reward, via a new online form held on the virginmoney.com website.

The key dates for your members to remember are:

• It will be open to customer who have applied for additional borrowing, (stand-alone via Direct, or a PT with Additional Borrowing via Intermediaries or Direct), from 20^th October 2022 to 30^th April 2023
• These customers can register for the scheme up to 31^st May 2023.
• Claims can be made for the Reward up to 31^st December 2023.