We are the full package!

Transcription

1 The Distributor August 2014 We are the full package! Packaging Commercial Semi-Commercial Bridging Finance FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY.

2 Contents Dear Members, Welcome to another edition of our newsletter! 3 As we approach the end of the summer it s time to start thinking ahead. September is just around the corner and with it the chance to freshen things up and start anew. Those of us with children will still have a new school year mentality. Indeed, September always fills me with optimism. 0 Of course, we have quite a lot to be optimistic about at present, namely our move into the packaging market. We set up a packaging department to cater for the unprecedented demand for niche lenders, and since starting to package for commercial lenders, we have joined forces with a number of leading names We currently act as packager for Aldermore Commercial, Blemain Finance, Capital Bridging, Dragonfly, InterBay Commercial and Shawbrook Bank. Earlier in the summer we became packagers for Precise Mortgages, giving you access to packager exclusives and 80% LTV products. We do not charge a packaging fee and we cover commercial, semicommercial, HMO, complex buy-to-lets, bridging and refurbishment products. This is a new area for us but it is one we are already finding great success in, and we hope to continue to grow it. KRBS Package Guide 6 Equity Loan 5 I hope you all enjoy the rest of your summer, make the most of the time to relax while the market is somewhat quieter, and then regroup and get ready for the new year. See you next month! 6 11 Ying Tan Ying Tan Managing Director Club The Distributor 2

3 PRECISE MORTGAGES NEW & IMPROVED BUY TO LET MORTGAGES 80% LOAN TO VALUE FROM 3.50% PRIME AND ALMOST PRIME PRODUCTS WE DO NOT CHARGE A PACKAGING FEE FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY. This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act Details correct at time of going to press.

4 Shawbrook Bank have announced details of their new three, four and five year fixed rate products! These fixed options are priced at a premium above the current variable rate. To find out how to calculate the fixed interest rate, please see below - Product Margin + LIBOR (subject to a floor of 0.75%) + Fixed Premium Please see below for details of the fixed premium - Fixed Period 3 years 4 years 5 years Residential Products (RI, RR, LR) 0.95% 1.19% 1.46% Commercial Products (CI, TB, LCI) 1.01% 1.17% 1.46% No additional fees payable on fixed rates We do not charge a packaging fee! FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY. This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act Details correct at time of going to press.

5 Rates start from 4.00% above 3 month LIBOR (subject to a minimum rate of 0.75%) Loans available from 75,000 Commercial and Semi-Commercial products products up to 85% loan to value HMO products up to 75% loan to value Market leading rental calculation Loans available to individuals, SPVs, LLPs, partnerships, trusts and pension schemes We do not charge a packaging fee! FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY. This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act Details correct at time of going to press.

6 BRIDGING FINANCE Productsavailablefor Upto18months Regulatedbridgingloans Non-regulatedresidentialinvestmentloans We package Dragonfly Property Finance! Secondcharges Developmentandmezzanineloans Commercialpropertyloans We do not charge a packaging fee! FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLY. This technical document is for intermediaries only. It should not be shown, given or distributed to existing or potential clients. It is not an advertisement for the purposes of the Consumer Credit Act Details correct at time of going to press.

7 Our Exclusive Products BUY TO LET EXCLUSIVE 2.95% 2 Year Fixed Rate Revert to lender s SVR of 4.50% Maximum 70% Loan to Value 1,495 arrangement fee Maximum loan 500,000 Free valuation & legal s for remortgage 2% ERC in year one and 1% ERC in year two REM Product Code: FO8972 PUR Product Code: FO8968 BUY TO LET EXCLUSIVE 3.50% 3Year Fixed Rate Revert to lender s SVR of 4.50% Maximum 75% Loan to Value 1,495 arrangement fee Maximum loan 500,000 Free valuation & legal s for remortgage 3% ERC in year one, 2% ERC in year two and 1% ERC in year three REM Product Code: FO8974 PUR Product Code: FO8970 BUY TO LET EXCLUSIVE 4.09% 5 Year Fixed Rate Revert to lender s SVR of 4.50% Maximum 70% Loan to Value 1,495 arrangement fee Maximum Loan of 500,000 Free valuation & legal s for remortgage 5% ERC in year one, 4% ERC in year two, 3% ERC in year three, 3% ERC in year four and 1% ERC in year five BUY TO LET EXCLUSIVE 2.69% 2 Year Discounted Rate Revert to lender s SVR of 5.64% Maximum 60% Loan to Value Rental cover of 2.69% 999 arrangement fee Free valuation up to 1,000,000 No Early Repayment Charge REM Product Code: FO8975 PUR Product Code: FO8971 Club The Distributor 7

8 Our Residential Exclusive Products RESIDENTIAL EXCLUSIVE 2.39% 2 Year Fixed Rate Revert to lender s SVR of 4.74% Maximum 70% Loan to Value 995 arrangement fee Maximum loan 1,500,000 Homebuyer & Remortgage Solution Free valuation & 250 cash back 3% ERC for two years Product Code: M369H Product Code: M369R RESIDENTIAL EXCLUSIVE 2.55% 2 Year Fixed Rate Revert to lender s SVR of 4.74% Maximum 75% Loan to Value 995 arrangement fee Maximum loan 1,000,000 Homebuyer & Remortgage Solution Free valuation & 250 cash back 3% ERC for two years Product Code: M370H Product Code: M370R RESIDENTIAL EXCLUSIVE 3.49% 2 Year Fixed Rate Revert to lender s SVR of 4.74% Maximum 85% Loan to Value 495 arrangement fee Maximum Loan of 750,000 Homebuyers & Remortgage Solution Free valuation & 250 cash back 3% ERC for two years Product Code: M371H Product Code: M371R RESIDENTIAL EXCLUSIVE 3.39% 5 Year Fixed Rate Revert to lender s SVR of 4.74% Maximum 70% Loan to Value 995 arrangement fee Maximum Loan of 1,000,000 Homebuyer & Remortgage Solution Free valuation & 250 cash back 5% ERC for five years Product Code: K990H Product Code: K990R Club The Distributor 7

9 More Exclusive & Semi Exclusive Products SECOND CHARGE SEMI-EXCLUSIVE 0% interest Equity share of the uplift Up to 85% LTV in total Maximum 20% LTV with lender 1% arrangement fee 5% ERC in year one Call us for more details PORTFOLIO FINANCE SEMI-EXCLUSIVE Initial rate of 2.25% to 4% above industry 3 month LIBOR, currently 0.508% (Rate is subject to negotiation and dependent on serviceability and security) Maximum term of 5 years Maximum LTV of 65% for repayment Maximum LTV of 60% for interest only Rental cover is 125% of capital and interest payment based on a notional base of 2.5% plus margin 0.5% commitment fee (payable on acceptance of the offer and refunded on completion) 1.5% arrangement fee (can be added to the loan) No fees are charged for partial capital repayments if the security is undisturbed BUY TO LET SEMI-EXCLUSIVE 4.99% 2 Year Fixed Rate Revert to lender s SVR of 6.58% Maximum 85% Loan to Value Rental cover of 5% 2.5% arrangement fee 130 booking fee Minimum loan 100,000 Maximum loan 1,000,000 4% ERC in year 1 and 3% ERC in year 2 BUY TO LET SEMI-EXCLUSIVE 4.89% 2 Year Discounted Rate Revert to lender s SVR of 6.58% Maximum 85% Loan to Value Rental cover of 5% 2.5% arrangement fee 130 booking fee Minimum loan 100,000 Maximum loan 1,000,000 No Early Repayment Charge Club The Distributor 8

10 Lender Panel & Procuration Fees Lender Product Type Gross Fee Net Fee 0.50% 0.45% 0.50% 0.48% BTL & Residential Commercial & Commercial Additional Borrowing & Product Transfers 0.45% 0.40% 0.75% Min 10,000 Max Min 9,000 Max 1.25% 1.00% 0.44% 0.41% Bridging Finance 2.00% 1.00% BTL 2nd Charge 2.00% 1.50% Bridging Finance 1.75% 1.50% 0.37% 0.32% & Commercial 1.50% 0.75% Residential 0.50% 0.35% 0.45% 0.30% 0.50% 0.40% Residential 0.42% 0.32% 0.37% 0.25% Club The Distributor 9

11 Lender Panel & Procuration Fees Lender Product Type Gross Fee Net Fee 0.42% 0.40% 0.32% 0.30% 0.36% 0.34% Residential 0.45% 0.32% 0.40% 0.30% 0.48% 0.43% Residential Bridging Packaged 0.60% 0.60% 1.75% 0.80% 0.50% 0.50% 1.30% 0.50% All Products 0.40% 0.38% Up to 1 mil loan 1 mil to 5 mil loan *All fees are subject to change Residential Residential 5 yr fix + 50% of arr. fee* 0.50%* 0.50% 0.33% 0.40% 40% of arr. fee* 0.40%* 0.46% 0.32% 0.36% 0.60% 0.30% BTL & Commercial Bridging Finance 1.50% 1.95% 0.75% 1.00% 0.44% 0.39% Bridging Finance 1.20% 1.00% & Flexible Mortgages Rate Switches 0.34% 0.20% 0.32% 0.18% Club The Distributor 10

12 Contact Us Suite 1.1 Coliseum Building, Riverside Way, Camberley, Surrey, GU15 3YL Mortgage Club Manager Contact Cat Armstrong, by calling , or Telephone Business Development Manager Contact Jon Williams, by calling , or Our Partner Charity The Ollie Young Foundation is a charity dedicated to finding a cure/prevention for brain tumours. With 120 different types of other brain tumours, it is the biggest cancer killer of children. The Ollie Young Foundation also supports local hospices and organisations that helped to support the Young family during their tragic ordeal. Please take a few moments to look at their website and find out a bit more about young Ollie and his family We have set up a JustGiving page and we would appreciate if you could help us raise as much money as possible for this incredible charity! Images in this months issue have been supplied by Club The Distributor 11