CHL claim to have put an emphasis on ensuring easy access to key facts illustration (KFI) document production, which can be accessed from its website.
Bob Young, managing director of CHL, said: “Our announcement that we will be able to offer regulated buy-to-let loans gives us access to a buoyant niche market.”
Andy Pratt, managing director of Alexander Hall, commented: “While the close relative tenant rule is the one area where buy-to-to let does cross into FSA regulation we will be processing and selling all buy-to-let mortgages as if they are regulated.
“As far as I am aware most lenders, like BM Solutions, will also be treating all mortgages as if they are regulated. In terms of standards it is vital that all brokers and lenders have a uniform level of service across all products.”
Ron Peverley, general manager at The Business Mortgage Company, said that as far as he was aware only Capital Home Loans and The Mortgage Business (TMB) would be operating within the regulated buy-to-let market.
“This may change once everyone has settled down to regulation,” he said.
Peverley added: “We have set up two separate companies to deal with regulated and unregulated mortgages. At the moment we believe it is the safest way to deal with the situation.”
