Buy to Let Mortgage for First Time Buyers
HMO Mortgages Suitable for First Time Buyers
If you are not an existing homeowner and you are looking to buy an investment property in the UK for the first time, the options for mortgaging tend to be quite narrow. Lenders will usually want to assess the mortgage based on your personal income rather than the rent. However, we do have lenders who can accommodate first-time buyers for Buy-to-Let property and incorporate the rental value rather than purely personal income based validation.
Lending is available up to 75% LTV for first-time buyers investing in BTL property.
Products for First-Time Buyers with no Existing Investment Properties
Mortgages available for applicants who are not homeowners and want to purchase an investment property.
First time buyer & First time landlord
Information for applications, information is missing needs adding here.
UK passport or UK driving licence as proof of ID
Evidence of deposit funds for property purchases
Applicants can be Employed, Self Employed
Types of Property
Details about types of acceptable property here, more information needed.
Houses and Self Contained Flats
Freehold or leasehold title
Flat must have own entrance
Property located in England Wales and Scotland
General Lending Criteria
Purchases or Remortgage
Interest only or capital + interest repayment
Mortgages up to 70% Loan to Value
Lending to Limited companies considered