Introduce a Buy For Uni mortgage to us and earn a 0.2% proc fee
Posted on 1st May 24
Why rent when you can get a foot on the property ladder with little or no deposit? Our Buy For Uni student mortgage takes the ‘dent’ out of student.
We currently manage all our Buy For Uni products directly, but as an Intermediary you can earn a proc fee of 0.2% on completion of the loan, when referring a customer who is interested in a student mortgage.
Key features:
– Available at 80% or 100% LTV (subject to criteria).
– Parents can contribute to affordability via Joint Borrower Sole Proprietor.
– Income from two additional students within the property is used to support the loan.
– Interest only available via sale of the property.
You can rest assured your customer will be in good hands, with a personal service from our Mortgage Advisers.
A flexible, common-sense approach to underwriting means at Bath we are willing to consider cases that fall outside of standard criteria. Applications are assessed by our manual underwriting team on an individual basis with no automated credit scoring.
Use the affordability calculator to get an idea of how much your clients could borrow and what the monthly payments would look like.
Note: we do not offer insurance products so we encourage you to assess your client’s needs to ensure they are suitably protected.
