New BTL exclusive from 3mc

Published on

3mc is offering an exclusive buy-to-let deal which has the same 3.49% two-year fixed rate for both individual and limited company applications.

The deal, which is the lowest rate ever to be offered by Foundation Homeloans, is also being made available through 3mc’s network partners Home Loan Partnership, The Right Mortgage and Protection Network and Sesame and to directly authorised members of the PMS Mortgage Club.

The product is available up to 65% LTV and its for purchases and remortgaging, including limited companies. There is no minimum employment or self-employment period and no minimum personal background income.

It come with a £95 3mc processing fee.

Doug Hall, director of 3mc, said: “It’s great to see that the practice of differential pricing for individual and limited company buy-to-lets is now being kicked into the tall grass and replaced by a single highly competitive rate, such as this exclusive deal from Foundation Homeloans.

“I have no doubt that it will prove to be highly popular with landlords, following the recent changes made to the tax regime for buy-to-let investors.”

Paul Brett, director of business development at Foundation Homeloans, added: “We’re delighted to be offering this deal exclusively through 3mc. Brokers can be assured they will receive a fast and efficient service.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

MAB sees revenues rise 19% as adviser productivity strengthens

Mortgage Advice Bureau has posted a robust trading update for the first half of...

Rightmove mortgage revenues double as digital growth strategy pays off

Rightmove has more than doubled the size of its mortgages business in the first...

Market Harborough eases stress tests to support wider range of residential borrowers

Market Harborough Building Society has announced a relaxation of its interest rate stress testing...

CHL Mortgages cuts buy-to-let rates by up to 32bps

CHL Mortgages for Intermediaries has unveiled sweeping rate cuts across its buy-to-let mortgage range,...

The Skipton cuts rates on no-deposit mortgage

Skipton Building Society will on Monday reduce rates across several of its mortgage products,...

Latest publication

Latest opinions

A walk on the supply side

The UK government’s stated goal to build 1.5 million homes during the current parliamentary...

Don’t build in fear – quality must come before quotas

“This is my message to housebuilders: get on with it. If you promise homes,...

AI won’t replace mortgage brokers – but those who don’t adapt could be left behind, say industry leaders

Artificial intelligence is set to transform the mortgage industry but it won’t replace the...

Why the mortgage industry must digitise for the customer, not just for compliance

Home buyers today can manage their finances, verify their ID and even order a...

Other news

MAB sees revenues rise 19% as adviser productivity strengthens

Mortgage Advice Bureau has posted a robust trading update for the first half of...

Rightmove mortgage revenues double as digital growth strategy pays off

Rightmove has more than doubled the size of its mortgages business in the first...

Market Harborough eases stress tests to support wider range of residential borrowers

Market Harborough Building Society has announced a relaxation of its interest rate stress testing...