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Buy to Let Mortgages for Applicants with Proof of Personal Income

Buy to Let Mortgages Suitable for Applicants with Proof of Personal Income

Most lenders now just want to see that an applicant has existing personal income sufficient to cover their expenditure. These lenders do not stipulate any minimum income requirement, so any amount of annual income can be accepted, subject to this being in-step with the applicant’s financial circumstances. These lenders are extremely useful for many employed people, or those with a second job, or self employed people with low net profits and retired people with modest pension incomes.

A wide range of properties can be accommodated, with mortgages available up to 85% of property purchase price (or property value for remortgages). Interest only is readily available and applicants do not need letting experience with some of these lenders.

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Product Criteria 1

  • Maximum lending up to 85% LTV
  • 1st time landlords max 80% LTV
  • Interest rates from 3.79% (subject to LTV)
  • Minimum loan £75,000 at 75% LTV
  • Maximum loan up to £1m
  • Mortgage term from 5 years to 35 years
  • Gifted deposit allowed
  • Minor adverse credit considered
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Product Criteria 2

  • Maximum lending up to 70% LTV
  • Applicant must be homeowner-occupier
  • Interest rates from 1.46% (subject to LTV)
  • Minimum loan £25,001
  • Maximum loan £500,000
  • Mortgage term from 5 years to 40 years
  • Gifted deposit allowed
  • Free valuation and free legals for remortgage

Product Criteria 3

  • Maximum lending up to 80% LTV
  • Applicants must own a residential, or BTL, property
  • Interest rates from 1.49% (subject to LTV)
  • Minimum loan £25,001
  • Maximum loan up to £1.5m (subject to LTV)
  • Maximum age 70 at application
  • Maximum age 90 at end of term
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BTL for Applicants with Personal Income £25,000 & Over

All lenders will lend to applicants with personal incomes in this bracket. Most will require proof of this personal income, which can include existing rental income. All types of property can be accommodated, with mortgages available up to 85% of property purchase price (or property value for remortgages).

Interest only is available with virtually all lenders and applicants do not need letting experience with most of these lenders. We can advise you and suggest a range of suitable options for you to choose from. We can email a full mortgage illustration for you to consider once you’ve chosen the mortgage you prefer.

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Buy to Let Mortgages as Low as 1.49% pa