We have a lender that we use regularly that will lend to first time landlords and for professional landlords they don’t have a maximum portfolio size, so they are very much open for BTL business.
We have a lender that we use regularly that will lend to first time landlords and for professional landlords they don’t have a maximum portfolio size, so they are very much open for BTL business.
A couple of deals that may be of interest are lifetime variable rates. The 75% LTV option has a current rate of 3.93% with the 80% LTV option currently at 4.48% – both have a 3% fee that can be added, but the real lure of these products is the rent is calculated at 125% of the pay rate, not a higher notional rate.
This makes these deals a great ‘Plan B’ if a surveyor from another lender disagrees with the expected monthly rent. There are higher term variable rates with a lower/flat fee for larger loan sizes too. They also don’t credit score so are willing to accept applicants with minor adverse.
For a mortgage quote, click here.
- 100% Buy to Let Finance - July 2, 2015
- Virgin announce reductions of BTL products - June 17, 2015
- Cheap buy-to-let mortgage deals on the rise - April 30, 2015
