3mc enhances proc fees on Aldermore BTL deals
Mortgage distributor 3mc is offering brokers an enhanced procuration fee of 0.75% on all Aldermore buy-to-let deals up to £500,000, for applications received between 1st May and 31st July.
The enhanced proc fee offer includes the following buy-to-let exclusive, which is only available via 3mc for buy-to-lets (including houses in multiple occupation, multiple units on one title and applications from limited companies), at 4.8% above 3-month LIBOR (currently 0.55%) at a max LTV of 75%.
3mc Director Doug Hall said:
"We’re delighted to be offering brokers an enhanced procuration fee at a time when activity in the buy-to-let market is continuing to increase. Aldermore’s buy-to-let mortgages are not only competitively priced, but are also suitable for a wide-range of investment types including HMOs, multiple units and limited companies."
Rob Lankey, Managing Director of Commercial Mortgages at Aldermore, said:
"3mc prides itself on giving brokers access to some of the most competitive products in the market, which have now been further enhanced by this proc fee offer. Brokers can also be assured they will also receive a fast a reliable service from Aldermore."
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