Buy to Let Mortgages
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Mortgage Solutions for Residential Property Investors
- 100% BTL mortgage to purchase with additional security
- Mortgages for ExPat investors
- SPV and Limited Company mortgages
- Property renovation and refurbishment lending
- Portfolio structured refinance
Residential Property Mortgage Solutions for Investors
- Shared houses with single or multiple AST’s
- First time landlords
- Let to buy mortgages
- Corporate lease arrangements
- Flats above commercial
Other Services we Offer for Residential Property Investors
- Independent valuation & property surveyor instructions
- Fixed cost legal conveyancing & price comparison
- Landlord insurance services
- Bridging for BMV purchase
- Renovation and refurbishment finance
When a number of tenants are residing in the same property many mainstream Buy-to-let lenders will view this as a HMO even when it does not necessarily fall within HMO legislation under the local authority. There are many BTL products available for share house HMOs as well as for large HMO multi-unit property with lending on a commercial basis.
The amount of rental income generated by the property should exceed your mortgage repayments by a certain percentage this margin of rental coverage differs between lenders, as a rule of thumb you should allow for around 120% to 130% of the monthly mortgage repayments.
Most lenders will advance up to 80% of the property value and some up to 85% LTV. The majority of mortgage lenders will assess buy-to-let mortgages on the strength of the rental income produced by the property. So depending on the strength of the rental income to support the repayments you may be able to borrow the entire 85%.
You will need to fund a cash deposit against the property you are buying. The majority of Buy-to-Let lenders require 15-25% of the property value. The following sources of funds are acceptable
- Cash savings deposit
- Remortgaged capital raised
- Family gifted deposit
- Vendor gifted deposit
We have access to the whole of the market to provide landlords mortgages for properties let as HMOs. Lenders we utilise range from mainstream Buy-to-let mortgage lenders to Commercial mortgage lenders offering finance for large HMO properties.
Available for both existing businesses and new ventures starting up looking to acquire retail premises, commercial lenders can offer competitive rates for acquisition or refinance of retail property.
Where lending falls outside of traditional buy to let we can still assist. Commercial funding is available for residential investment and investment portfolios in the private rented sector let either as a corporate contract, or on an Assured Shorthold Tenancy.
When you are self-employed getting a buy to let mortgage does not have to be so difficult, lending criteria has relaxed somewhat over the past few years and more lenders are wanting to attract new business from self-employed applicants. We can offer flexibility on proof of income when mortgaging a buy to let property
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