According to the lender, the family let range will be available up to 80% LTV, with the Let to buy range available up to 75% LTV, loans from £10,000 up £250,000, across England, Scotland, Wales and Northern Ireland. Both allow up to 2 adverse status points in the last 12 months.
This follows a series of enhancements across the central trust product range, over recent months they have increased their LTVS to 80%, extended their availability of its Consumer Buy-to-let (CBTL) mortgage proposition by making it available to borrowers in Northern Ireland, and enhanced its automated valuation criteria (AVMs). In more recent weeks, the lender has revamped its front-end broker portal and developed its own origination platform.
Maeve Ward, commercial operations director at Central Trust, commented: “As a lender, we are always looking for ways to make a positive impact in new and existing markets and in developing our proposition to offer additional choice and opportunity for our broker partners and their clients.
“The launch of our Family Let and Let to buy range certainly adds a new dimension to our lending proposition.
“These are not the most straightforward lending scenarios which is why we provide brokers with exceptional levels of support through our mortgage helpdesk and technologically advanced portal. Support which will help brokers provide alternative solutions through a more holistic lending approach.”
