21 November 2016
From today Monday 21 November, Fleet Mortgages have announced that they will be making further improvements to their lending criteria. Details as follows:
Reduced minimum valuation to £100,000 outside London and South East Regions (or £150,000 within London and South East Regions).
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.)
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.