Common
Denominators |
- Loan to value usually 70%/80% maximum.
- New purchases and re-mortgages generally
available including capital raising for additional property
investment
- Letting under
Shorthold Tenancy Act required - 6 or 12 months. Generally no DSS or
multiple tenancies. Ex local authority properties and student lets
limited range of lenders.
- Mosty lenders have imposed restrictions on newly built property
|
| Lender |
Interest Rate % |
Max %
Advance |
Lenders Arrangement
Fee £/% |
Loan to Foreign National |
Special Features |
BANK OF
SCOTLAND |
Base rate + 2.89% |
70% |
1% |
NO |
Minimum loan £100,000 |
| BM SOLUTIONS |
5.40% 3 year fix |
60% |
2.5% |
NO |
Applicant must work for Govt Agency or Multi National Company. |
| HSBC |
Foreign currency loan
Libor + 1.25%
|
65% Interest only
above that repayment only
|
£399 |
YES |
Applicants need to be in salaried
employment or professional occupations such as Dr’s, Dentists,
Solicitors or Accountants |
| IPSWICH BUILDING SOCIETY |
4.99% 2 year discount |
75% |
£695 |
NO |
Exclusive product to IMP
No redemption penalty at anytime
Houses only including new build
|
| IRISH PERMANENT |
Temporarily withdrawn |
80% |
1% |
SOME 70% |
Same rate second asset loans
Loans to offshore
companies and trusts. |
NATWEST
BANK |
Bank rate + 2.79% |
60% |
1% |
YES |
Expats salary must be paid into a UK bank account |
| ROYAL BANK OF SCOTLAND INTL |
Base plus 2.79% 2 year tracker
|
65% Repayment only
60% Interest only |
1% |
YES |
Minimum loan £100,000. Will lend on new build flats maximum 55% repayment basis and 50% interest only |
STROUD AND SWINDON BUILDING SOCIETY
|
Withdrawn no further advances |
|
|
|
|
