Lending through the intermediary channel was the highest it has been this year. The greatest increase in business has been witnessed in the West Midlands and Yorkshire and the North East, up 22 per cent on July’s figures.
James Taylor, mortgage product manager, said: “We are now entering our 7th consecutive month of increase in buy-to-let lending and there are no signs of it slowing.
"We are also experiencing record turnaround times as our standalone assessment criteria provides a streamlined, efficient process for both brokers and customers."
"The buy-to-let market remains a key focus for us and to re-enforce that commitment we are launching the following market leading products on Monday 17 October:
*4.54 per cent fixed flexi until 31/12/2007 with a 1.5 per cent arrangement fee
*4.79 per cent fixed flexi until 31/12/2007 with refunded valuation, free legals for remortgages and 1.5 per cent arrangement fee
*4.89 per cent fixed flexi until 31/12/2007 with an £899 arrangement fee
*5.29 per cent fixed for three years with free valuation, free legals for remortgages and a £649 arrangement fee
All of these products are on daily interest, allowing overpayments, underpayments and payment holidays. They are also available to 85 per cent LTV with 125 per cent rental cover calculated at payrate.”
