Specialist mortgage lender BlueZest are making new Buy To Let mortgage products available through launch partners AToM and TBMC. The BTL range is designed to be competitive across the LTV spectrum, and caters for all levels of landlord experience, with products available to individuals, trading companies and Special Purpose Vehicle (SPV) companies.
BTL rates start from 3.69% at 60% LTV rising to 5.35% on 85% LTV in London and the South East. With zero valuation fees in many cases, the products compare favourably to existing deals available from other lenders. Two, three and five-year fixes are available with no exit penalties or ERCs after the first year; a selling point which is unique to BlueZest at the higher LTVs.
The BTL product is one of a range targeted at landlords, developers and small businesses, and secured on UK residential property. For example, loans to developers are available at competitive rates between 8 to 12% APR, and due to their structure, loans to businesses are available at very competitive rates between 6.9 and 9.9%.
Dale Jannels, MD of AToM said “This is one part of the market that currently lacks competition. We’ve been working with BlueZest for some months and are thrilled to be offering this fantastic product range, including the 85% LTV. They really have thought about the gaps in the market place and provided a product offering to assist both existing and potential landlords.”
First time landlords will be happy to see BlueZest providing competitive products for them at all LTVs, especially in London and South East. The products are ideal for the beginner landlord with a high existing disposable income.
Chris Slater, CEO of BlueZest, said “We recognise the real needs of today’s landlords, assessing affordability as a combination of rental and non-rental income. This provides confidence in our applicants’ ability to invest in property and be successful in today’s rental market, even at higher LTVs. Our launch partners are already demonstrating that there is a significant number of new and experienced landlords in the market for our products.”
Jane Simpson, Managing Director of TBMC added “We are very pleased to add BlueZest to our buy-to-let lending panel. The flexible attitude to affordability calculations and competitive products up to 85% LTV are a welcome addition to TBMC’s extensive range of solutions for buy-to-let customers. The flexibility here will be valued by our intermediary partners as well as the feature of no ERCs on higher LTV products.”
BlueZest’s products are currently only available through exclusive partners including AToM and TBMC. Other packagers, networks and clubs seeking to add BlueZest to their panel, and direct introducers interested in broking BlueZest products, are invited to express their interest by telephoning 0115 6 977 955, or via the company’s website at www.bluezest.com.
BlueZest is a technology-based specialised property investment funder offering a range of carefully tailored Buy to Let and development finance products. The company’s focus is on investing in and with landlords, developers and small business owners, offering a supportive business relationship as a preferred financing partner with open and honest fee structures, fast decisions, customer focussed operations, and a commitment to delivering what they call ‘The BlueZest Advantage’.