Jason Berry

Crystal and Together launch complex BTL product

Crystal Specialist Finance (CSF) and Together have introduced a new complex BTL product for landlords and property investors currently being overlooked by mainstream and specialist lenders.

The offering provides rates from 4.99% up to 70% LTV, a maximum loan of £750,000 (£1m by referral) with ICR for limited company and basic tax rate at 125% and 145% for higher tax rates and top slice allowed, where required.

It is available for holiday lets, HMOs, student lets, MUFBs, and development exits, as well as others which have been difficult to find finance due to Covid-19.

The product is available for individual or limited companies, portfolios, first-time landlords and first-time buyers. 

Bounce Back Loans and payment holidays, plus expats and non-UK nationals, are also accepted.

Jason Berry, group sales and marketing director at CSF (pictured above), commented: “Together’s latest BTL product range not only addresses lending requests which are becoming more prevalent, but also provides some much needed options for landlords and property investor customers who have seen criteria tighten since the start of the year.” 
Sundeep Patel, head of intermediary sales at Together, said that the lender was delighted to reinforce its partnership with Crystal to include the new range of BTL products.

“The complexities which borrowers often demonstrate mean this product, as well as others we have recently launched, could be a perfect fit,” he added.

“Often a high level of expertise is required to place and administer this type of case, so alongside the CSF team, we provide underwriting resource so quick and definitive decisions can be made for brokers.”

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