This comprises of a range of six fixed rate options over two, three and five years with rates starting at 4.19%, up to 75% LTV. The minimum loan amount is £50,000 with a maximum of £500,000. In terms of rental cover there is a 125% pay rate for the five-year products and 125% at a 6% notional rate for the two and three year products.
Paul Brett, Business Development Director at FHL commented:
“Our limited company BTL range represents an important addition to the FHL portfolio and demonstrates our philosophy of listening to the intermediary market and reacting accordingly to create dynamic and broker friendly products.
“From day one of the trial period it was evident that thisproduct range was not only going to prove hugely popular amongst our intermediary partners but that it was something the market had been gearing itself up for. As the BTL sector becomes increasingly complex, it’s more important than ever for specialist lenders to arm brokers with as many valid options as possible for their clients. And the growth in the availability of limited company BTL products will certainly prove attractive in helping a range of landlords to maximise yields and minimise costs.”
