From
tomorrow, we will be making some changes to our specialist
product ranges. Market and competitor changes mean that we
regularly review the products that are available to ensure
that our offering is appropriate. These product amendments
will allow us to continue to offer you a wide range of
products whilst writing a proportionate amount of
business.
Changes are as follows:
- Removal of new business Self-certification products
-
Removal of new business Near Prime products
- Buy to Let
portfolio limited to 9 properties
- New build mainstream
lending (houses & flats) to 80% LTV
- New build Buy to
Let lending (houses & flats) to 65% LTV
- 80% LTV limit
will now apply to Mainstream additional borrowing
applications
We will continue to offer product transfers for our
existing Near Prime and Self-certification customers. These
customers may be able to apply for additional borrowing
through the mainstream product range.
We will also be making changes to some of our other
products. Ahead of next week's decision on the Bank of England
base rate, we are removing our tracker products. They will be
replaced following the announcement.
All applications must be submitted in full by 8pm
Friday 30th January to secure the existing products and
criteria.
Bmsolutions.co.uk will be updated with new product
details on Monday 2nd February.
Yours sincerely
Phil Rickards
Head of Sales
