Skip to main content

Fleet makes further improvements to their lending criteria.

21 November 2016

Fleet Mortgages

From today Monday 21 November, Fleet Mortgages have announced that they will be making further improvements to their lending criteria. Details as follows:

  • Minimum valuation on converted freehold properties

Reduced minimum valuation to £100,000 outside London and South East Regions (or £150,000 within London and South East Regions).

 

  • Shared accommodation accepted

Shared accommodation will be accepted on standard buy to let products and will be valued on a room by room basis. (Regardless of locks on doors! See new lending criteria for more information.)

  • Landlord experience required for HMO properties

Reduced to 2 years if primary applicant has owned a HMO property for that period. Otherwise, 3 years standard buy to let experience.

 

As well as these great changes they have adjusted their 3 Month LIBOR rate to 0.40%as per 12th November 2016.

You can find further details on their lending criteria and product guides on their website or you can give them a call on 01252 916800.


Using an Ipad

Follow us on twitter

Follow Jeremy Duncombe for market and product updates on Twitter. You'll find him at @JeremyDuncombe.