Important Changes to Mortgage Products - January 2025
30 Jan 2025
From today, Thursday 30 January, we've launched a new range of Owner Occupier Interest-Only and Buy to Let products. We've also recently made changes to our lending criteria.
Our maximum LTV has now increased from 70% to 75% across all UK Landlord (including Offset), Limited Company and Expat Buy to Let products. Applications for Multi-Unit Freehold Blocks (MUFBs) will continue to be capped at 70%.
Our Limited Company Buy to Let lending criteria has been enhanced, with one additional Standard Industry Classification (SIC) code now included. As a result, we will be able to consider applications from SPVs registered under either of the following SIC codes:
68100
68209
68320
Further details of our product changes are below:
Owner Occupier Fixed Rates
Our 2 Year Fixed Rates Interest-Only products have decreased, and our 5 Year Fixed Rate Interest-Only products (excluding our Retirement Interest-Only) have increased.
Interest-Only
Buy to Let Fixed Rates
Our range now has a maximum LTV of 75%, and our 2 Year Fixed Rate products have decreased.
Semi-exclusive products
On top of our standard range of products we have additional semi-exclusive products available via our packaging partners. For further information, speak to your local BDM.
Our team of BDMs now cover the whole of England, Wales and Scotland, and are all ready to answer your queries and guide you through the application process.
Affordability Calculator
Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator
Your Local BDM:
Sam Morrison
Working out of our head office, as our phone-based BDM in Epsom, Sam has a wealth of knowledge regarding our processes and criteria and covers a variety of postcodes across the UK.
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Your Local BDM:
Neil Cadwallader
Neil has over 19 years experience in Financial Services from pensions and investments to mortgages. Neil focuses around South Wales and the West of England area. Contact Neil for help with your clients' mortgages.
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Your Local BDM:
Stuart Heavens
Stuart focuses on the South Coast area. Contact Stuart for help with your clients' mortgages.
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Your Local BDM:
Amar Mashru
Amar focuses on the Central London area. Contact Amar for help with your clients' mortgages.
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Your Local BDM:
Arif Kara
Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:
Nathan Waller
Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:
Grace Bennett
Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:
Gina England
Gina has a vast amount of experience with both simple and complex lending solutions. If you're in the East or West Midlands, please contact Gina for help with your clients' mortgages.
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Your Local BDM:
Paul Roberts
Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire and the North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:
- 01372 744155
- 01372 745607
- mortgage.desk@familybsoc.co.uk
Opening hours: Monday - Friday: 9am - 5.30pm. Saturday: Closed
We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.