Desktop Valuations Launched
The Mortgage Lender has launched desktop valuations for buy-to-let (BTL) purchase and re-mortgage products up to 75% loan-to-value ratio (LTV).
From Monday 27th April, desktop valuations will be available for existing BTL pipeline cases where possible, and for the majority of new individual, expat and limited company applications.
For properties that are not suitable, including houses of multiple occupation and multi-unit blocks, applications can still be submitted by brokers and cases will be progressed once a physical valuation is possible.
The move follows the launch of a revised buy-to-let range, with 2-year fixed rates starting from 3.13% for individual and limited company applications at 70% LTV, and 5-year fixed rates starting from 3.49%.
Landlords’ business has not stopped because of the current crisis in fact it is as busy as ever.
With the new purchase market effectively on hold, facilitating pipeline purchases and re-mortgages are key to ensuring brokers can continue to support their clients and in turn provide them with much needed cash flow during this challenging period.
Like to talk over your needs?
If you are looking for a mortgage deal please do make contact and one of our independent advisers will be happy to assist.