www . simplybizmortgages . co . uk 37
Having returned to the market recently , at the start of July , we were pleased to introduce CHL Mortgages .
CHL Mortgages are a specialist Buy-to- Let lender , lending to individuals and Limited Companies for financing standard and HMO / Multi Unit Freehold Block properties , lending to First Time Landlords right through to experienced Portfolio Landlords .
Their product ranges are designed to be competitive and are complemented by strong criteria , meeting your and your clients needs .
Criteria that fits :
1 HMO up to 6 bedrooms 1 Student Lets 1 Portfolio Landlords 1 Up to 4 Applicants 1 MUFB up to 6 units 1 Minor Adverse 1 Combined Income £ 20k + 1 Above / Adjacent to commercial 1 Ex-local Authority 1 Local Authority Leases 1 Studio Flats 1 Gifted Deposits 1 First Time Landlords 1 New Limited Companies 1 Directors Loans 1 Shared Accommodation
Find out more and register at www . chlmortgages . co . uk / intermediaries
BuildLoan is mortgage industry focussed , supporting your clients with building projects , where they offer almost 60 mortgage products , from numerous lenders , which are exclusively available to advisers . Options and features include :
1 Interest Only during the build
1 Higher Lending Percentages – up to 95 % on land / build costs
1 Unique Accelerator Advance Stage Payments
1 Costings & Evaluations Service – reduce the risk of your clients running out of funds during the build
1 Cost Based Lending – provides certainty of stage releases , without the risk of interim mortgage down-valuations
The expert team at BuildLoan work with you to assess your client ’ s requirements , identify which lenders will support their individual project needs and provide a unique pre-agreed stage payment program to ensure the clients have the funds needed , at the right time , to complete their build .
This sector is growing rapidly , with government initiatives , including the Right to Build legislation and the muchanticipated launch of the Help to Build equity loan scheme , there will be a significant increase in opportunities as even more people become able to self and custom build .
BuildLoan also specialises in Development Finance and Bridging Finance . Whether your clients are looking to finance a project to live in or they plan to build any number of properties to sell or to let out , they have specialists to help and guide you through the whole process .
To learn more and register , visit the buildloan . co . uk website or contact Stu Bryce , National Relationship Manger to arrange a virtual training session – stuart . bryce @ buildloan . co . uk .
If you see an opportunity amongst any of our new lenders , don ’ t delay , make contact and get started soon .
Castle Trust Bank specialises in all types of BTL funding to satisfy your clients ’ lending needs , working closely with you to find bridging and term lending solutions for your property investor clients . It can fund up to £ 15m per transaction , providing your clients with the support they need to purchase investment properties including Holiday Lets , Multi Unit Blocks , HMO ’ s and BTLs .
Lending proposition
Its property lending division provides specialist bridging , term and development solutions for property investors , specialising in bridging finance for Buyto-Let and Holiday Lets , as well as for light refurbishments . Castle Trust Bank offers interest only ten-year term mortgages through its TermTen product , with up to 75 % LTV , initial fixed rates for 2 , 3 or 5 years and the ability to provide a guaranteed exit option on its bridging loans by linking to the TermTen product through its Bridge to Let option , should it be needed .
The Sales team can offer instant terms on all bridging , TermTen and Bridge to Let loans .
Specialisms
As long as your client has a UK mortgage footprint , Castle Trust will consider applications up to 80 % gross day one LTV from first-time landlords , limited companies , ex-pats , and foreign nationals for :
1 Buy-to-Let Purchase / Re-finance – can also top-slice UK income for stress coverage
1 Holiday Lets – using holiday let income , not AST
1 Refurbishments 1 Development Exits 1 HMOs
1 Multiple Units – including those held under a single freehold
For further information including its Buyto-Let summary , lending criteria and your regional BDM visit the website : www . castletrust . co . uk / intermediaries-lending