The extension now also applies to successful applications falling outside the lender’s standard criteria.
The decision to extend this promotion, part of the ‘Reasons to Love Heritable Bank’ campaign launched on Valentine’s Day, was taken in response to extremely positive feedback from advisers taking up the original offer. By taking advantage of the enhanced introductory fees (of up to 0.7%), reduced arrangement fees for customers, or a combination of both, advisers and their customers are already feeling the benefits.
Heritable Bank is looking to reward its existing intermediaries and to encourage more advisers to sample its highly experienced underwriting team and innovative, bespoke approach to offering competitive finance for clients who can prove affordability. Last month, the lender enhanced its loan to value (LTV) criteria and reduced its completion fees for portfolio buy-to-let mortgages, providing enhanced value for landlords seeking funding for multiple properties.
The introductory fee offer is available across Heritable Bank’s full range of buy-to-let, self-certification, semi-commercial, short-term, property development and status mortgages. Advisers can work out the potential savings and gains by visiting an online calculator at www.heritable.co.uk/intermediary.
Colin Stevens, director, residential mortgages, at Heritable Bank said: “We are always looking to offer additional benefits through our flexible underwriting expertise at Heritable Bank and by extending and enhancing the existing offer, we’re expecting further interest. Advisers with clients who don’t fit into our standard criteria can now also benefit from the offer which further emphasises our position of flexibility.”
