Page 14 - Bridging & Commercial Magazine Issue 5
P. 14

 Aldermore VAT loans • VAT loans for development finance customers • enables housebuilders to reduce their initial cash flow commitment when purchasing land and property elected for VAT             Vida Homeloans Specialist residential and BTL • 75% LTV BTL fee-saver product, with a five-year fixed rate of 3.64%, free valuation on properties up to £500,000, a reduced assessment fee of £49 and a £200 contribution towards legal fees • non-fee saver five-year fixed rate of 3.54% on loans up to £250,000 with £1,995 fee—for loans over £250,000, a fee of 1.5% applies • 75% LTV BTL larger loan product with a five-year fixed rate of 3.59% and a fixed fee of £3,495 • 75% LTV HMO and MUB special product with a five-year fixed rate of 3.79% and a fee saver option of 3.89%  LendInvest Bridge-to-let • available between £75,000 and £750,000 • maximum LTV of 75% at a rate of 0.6% per month for light refurbishment of residential properties, including HMOs with a maximum of six bedrooms • terms up to 12 months a selection of key updates United Trust Bank Enhanced bridging offering • summer promotion for loans of £500,000 or more • cashback of £500 when loan draws down • increased use of AVMs for loans up to £1m that are below 55% LTV • 75% LTV price band for first charges at 0.75% per month • increased availability of dual legal representation for regulated loans up to £1m Paragon Revamped BTL mortgage range • two- and five-year fixed rate mortgages for portfolio landlords and five-year fixed rate mortgages for non-portfolio landlords • available up to 80% LTV with no upfront fees and £350 cashback • rate reductions from 10 to 20 basis points • five-year fixed rate mortgage at 3.7% for landlords with single self-contained units and 3.75% for landlords with HMOs and MUBs 

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