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News27/08/2010Platform make changes to BTL product range ......
Platform make changes to their BTL product range, the summary of changes are as follows:  
  • Buy to Let rates reduced on 2 & 3 yr fixes
  • LTV increased to 70% on purchases 
  • Portability on all products
  • Not available in Northern Ireland
  • Not available to first time buyers
  • Applicants must be an owner occupier
  • Maximum portfolio size £1m total lending (maximum 3 properties - maximum £500k per property)
  • Administration fee is non-refundable
  • Arrangement fee must be added to the loan
  • Reversionary rate - 5.00% (BBR*+ 4.50%)
  • All remortgages maximum LTV - 70%

Furthermore they have reduced the reversionary rate floor to 0.5% on all BBR & Libor linked products

To view the updated matrix Click Here



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Tel: 023 9286 5806 Email: enquiries@pfcmortgages.com
PFC Mortgages is a trading style of Professionals Finance Centre Ltd
Printware Court, Cumberland Business Centre,
Northumberland Road, Portsmouth, Hampshire PO5 1DS
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