Abacus launches BTL range
The range, funded by Future Mortgages will start from 5.75% and will be available for various application types from Prime through to Light Adverse. However possibly the most unique element of the range will be the 90% Prime Buy to Let product.
Marc Turner , head of sales, Abacus Permanent commented “We are absolutely thrilled to be able to offer a product of this nature. It will benefit new landlords just starting out by not having to find such a big deposit and seasoned professional landlords who may be looking to remortgage their current portfolios in order to release equity for new purchases. This coupled with Abacus’ 24 Turnaround Promise and industry recognised service standards means we can be confident in helping our intermediaries with all their customers Buy to Let needs.”
“To ensure that the service standards are maintained throughout the process” Turner continued “Future will be appointing a dedicated Buy to Let underwriting desk as they are anticipating and therefore are preparing for a massive take up rate”
Mark Charlesworth, head of Future Mortgages commented “Our Buy to Let range is the first of a number of attractive new products. We have been working closely with a number of packagers, including Abacus to ensure we provide the correct level of support, matching predicted volumes with our service capability.”