SHAWBROOK BANK
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
£500,000 (more upon referral)
95%
80
3 – 25yrs
6.90%
Yes - 3yrs and 5 yrs available
No
Typically £995.00
YES (click for more detail)
Applicants can make over payments either by
changing the direct debt to collect a higher payment
per month or alternative by the way of lump sums.
Whilst monthly payment stays the same the customers
term reduces accordingly. Should the customer wish to
cease making over payments they can do so at any
time providing they revert back to their contractual
monthly payment. Our over payment policy is
completely free of charge with no cap on the amount
the customer can over pay by and not restricted to a
certain percentage in any financial year
YES
 Max 70% LTV
 110% rental coverage
 Regulated –just 28 days notice + admin fee
 Unregulated for BTLs – 3% of the initial balance
first 5 years, then 1% thereafter
Most legal purposes accepted including purchase of
second home / overseas property
England / Wales / Scotland
PRECISE MORTGAGES
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
Purpose of loan
£1,000,000
85%
70
3 – 30 yrs
5.45% (rates track Bank Base Rate)
Yes for 3 yrs
No
£995 regardless of loan size
No (click for more detail)
Lender has no facility to accept overpayments
No
One months interest deferred by 28 days
Most legal purposes accepted including deposit for
Coverage
BTL / pay a tax bill / invest in current business
Mainland England & Wales ONLY
PRESTIGE FINANCE
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
£2,500,000
85%
80
3 – 25 years
6.5%
No
No
Yes varies depending on loan size
Yes (click for more detail)
You may make partial early repayments under this
Agreement at any time but you must obtain our
consent and notify us before you do this.
Any partial early repayment will be applied against
arrears, charges and interest on these, and then
against the capital balance.
If you make a partial early repayment this will reduce
your outstanding balance and hence the time it takes
to repay the loan in full. Your monthly payments will
stay the same
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
No
One months interest deferred by 28 days
Most legal purposes accepted with a few exceptions
transfer of equity & business use
England, Wales, Scotland
NEMO PERSONAL FINANCE
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
£200,000
90% employed, 75% self employed
70
3 – 25 years
5.592%
No
No
None charged
Yes (click for more detail)
A capital repayment reduces your capital balance on
which interest is charged. This is a lump sum that you
pay in addition to your normal monthly payments. An
overpayment is where you increase the amount you
pay us every month, above the monthly payment
amount due. Overpayments will only reduce your
capital balance (in other words, be treated as capital
repayments) if you ask us to treat them as such, or
once the total you have made exceeds in aggregate
the lower of (i) £500 and (ii) three times your monthly
payment amount. If they are not treated in this way,
they will be applied to your account but will not reduce
your total interest if you settle early. After a capital
repayment (or overpayments, which are treated as
such) your monthly payments will be recalculated to
keep the same term.
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
No
One months interest deferred by 28 days
Main purposes include consolidation of credit & home
improvements
England, Wales, Scotland
BLEMAIN FINANCE
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
£500,000 (more on referral)
85%
80
3 – 30 yrs
9.45%
No
Yes for loan sizes over £25,000
Yes, varies depending on loan size
Yes (click for more detail)
Capital Repayments on Blemain accounts (regulated
or unregulated) will be subject to a £75.00
Administration Fee. In addition to this, for unregulated
Blemain accounts, the amount of Capital Repayment
will also be subject to a pro-rata Early Repayment
Charge as applicable to the product. This Early
Repayment Charge is collected upon final redemption
and will not attract further interest charges
Yes
 Max 70% LTV
 120% rental coverage
 Regulated – One months interest deferred by
28 days
 Unregulated due to purpose – 6% / 6% / 6% /
5% / 4% / 3% / 2% / 1% / 0
 Unregulated as BTL – 4% / 4% / 4% / 3% / 2% /
1% thereafter
Purpose of loan
Coverage
(% charged is calculated on initial balance)
Any legal purpose accepted IF loan size is over £25k +
more than 50% of the loan is for business purposes
then loan is treated as unregulated
England, Wales, Scotland
MASTHAVEN SECURED LOANS
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
£100,000 (more on referral)
75%
75
3 – 25 years
9.75%
NO
Yes – only for loans secured on BTL properties
Yes, varies depending on loan size
Yes (click for more detail)
For CCA regulated loans, one lump sum payment can
be made in every 12 month period, subject to a
minimum amount of £2000. There is no penalty for
doing this.
Customers can make monthly overpayments; the extra
payment is held on their account until they reach the
£2000 minimum (or higher if they have requested this)
and then applied to their account.
If the loan is unregulated, early settlement charges
apply to both overpayments and lump sum payments.
In both cases, once the lump sum payment is applied
to their account, the remaining balance is recalculated
in line with the original term and the monthly payment
will reduce.
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
CENTRAL TRUST
Yes




Max 70% LTV
110% rental coverage
Regulated – 28 days notice
Unregulated – 3% of the initial balance in the
first 5 years then 1% thereafter
Most legal purposes accepted
England, Wales, Scotland
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
£70,000
75%
80
3 – 25 years
9.90%
YES, 3 yrs fixed
No
£495 fee applies for loans over £20k
YES (click for more detail)
Applicants can make additional capital repayments, at
a minimum of £100, at any time without penalty
No
One months notice deferred for 28 days
Most legal purposes
England, Wales, Scotland, Northern Ireland
SPRING FINANCE
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rates available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
ERC’s
Lend on BTL’s
Purpose of loan
Coverage
£100,000
65%
70
3 - 30 years
15%
No
No
Varies according to loan size
YES (click for more detail)
Overpayments are treated as payments in advance
and do not reduce term
One Months interest deferred for 28 days
Yes – 35% of the gross income to cover the mortgage
payment and second charge loan payment
Any legal purpose accepted including clearing a
bankruptcy
England & Wales
TFS
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
£150,000
85%
80
5 – 15 yrs
10.95% FLAT RATE
All rates are fixed for term of loan
No
Yes, varies depending on loan size
Yes
MORE DETAIL
ERC’s
Lend on BTL’s
Purpose of loan
Coverage
One months interest deferred by 28 days
Yes
 85% LTV subj, to a referral
 125% rental coverage
All legal purposes except gambling
England, Scotland, Wales, Northern Ireland (on ref)
STEP ONE
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
£100,000 (more on referral)
95%
80
5 – 20 yrs
8.90%
No
No
Varies depending on loan size
YES
Partial early repayments are allowed at anytime on all
loans subject to standard minimum 28 day notice
provisions. In the event of partial early repayment on a
loan which is subject to ERCs the ERCs will apply to
the amount of loan principal which is being repaid
early.
YES
 Up to 80% LTV
 120% rental coverage for loans under
65% LTV
 Full income & expenditure assessment
over 65% LTV
Regulated – 28 day notice required
Unregulated for BTLS & business purposes – 3% in yr
1, 2% in yr 2, 1% in yr 3
Any legal purpose accepted IF loan size is over £25k +
more than 50% of the loan is for business purposes
then loan is treated as unregulated
England & Wales
NORTON HOME LOANS
Max Loan size
Max LTV
Max age at term end
Min / Max Loan term
Annual rates start from
Fixed rate available
£50,000 (more on referral)
75%
80
1 – 20 years
9.90%
No
Interest Only available
Lender fee
Overpayments
MORE DETAIL
Lend on BTL’s
ERC’s
Purpose of loan
Coverage
No
Varies depending on loan size
Yes
Overpayments can be made without penalty
No
One months interest deferred by 28 days
Loans acceptable for most legal purposes
England & Wales