At Enness, we are very proud of our close relationships with the lenders we work with. Over the years, we have worked hard to nurture and develop a network of contacts from which our clients can benefit. These relationships, we feel, are what set us apart from other mortgage brokers. They not only allow us to speak directly to the decision makers on our clients’ behalf, but also give us access to the best possible deals.
On that note, we are delighted to announce that one of our lenders has sent us a little sprinkling of early Christmas cheer: an exclusive rate card to offer our clients. A similar partnership last year was so successful the lender has offered us a further tranche of funds. If you’d like to take advantage, please get in touch as soon as you can.
As clients of Enness, you will be able to borrow up to £3millon and will receive discounted rates from this particular lender which are not available from other brokers. To save you having to scour the terms and conditions and the small print, below is a little summary of what exactly is on offer.
A large range of products are included in the discounted range, from residential mortgages to bridging loans. Their 2-year discount variable rate residential mortgages are available from £75k to £3.5m, up to 75% loan to value, at an initial rate of 2.24%. Bridging loans up to £1.2m are available, at a 1-year fixed rate of 4.69%. Buy to let products start at 3.44%.
It is worth noting interest only is available as a repayment option and, importantly, there is no upper age limit for borrowers (provided you can offer proof of an ongoing income sufficient to support your level of borrowing). None of these products have early repayment charges and the lender uses a manual underwriting process which is more sympathetic and flexible than the automated checks favoured by many banks. This is particularly useful for anyone self-employed, or working on a contract basis. Bonus income, director’s loans, dividends, net profit, retained profit, pension and trust funds will all be considered.
Applications must be received by 2 December, so make sure you move fast if you’d like to benefit. If you have any questions about this article, or would like to talk through your options with a broker, please do get in touch. A member of our specialist team will be delighted to help.