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Buy to Let Mortgages with no Early Repayment Charges

Buy to Let Mortgages with no Early Repayment Charges

Some property investors will want the facility to repay lump sums whenever they want to, or clear the outstanding mortgage altogether without paying a penalty (no early repayment charge). We have access to lenders who can provide this facility and they will lend on any suitable BTL property. We can provide full advice for you and suggest the correct lender for any situation.

These lenders provide a good range of options, all offering interest only facilities, if required. Mortgages with no early repayment charges tend not to be fixed rates, but rather they are discounted variable rates, or trackers, based on Bank of England base rate, or LIBOR. A wide range of properties can be mortgaged without having an early repayment charge. Mortgages are available up to 85% LTV.

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Situational Profile

suggest some reasons why a no ERC mortgage might be required for example

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Applicant Profile

Information for applications, information is missing needs adding here.

Homeowner or owned a Buy to Let property for 12 months
UK passport or UK driving licence as ID
Evidence of deposit funds and refurbishment costs
Applicants can be Employed, Self Employed
Previous experience of similar developments

Types of Property

Details about types of acceptable property here, more information needed.

Self Contained Flats
Must be leasehold title
Flat must have its own entrance
4
5
Property located in England Wales and Scotland

General Lending Criteria: BTL Mortgages with no ERC

Lending details

Purchases or Remortgage
Interest only or capital + interest repayment
Mortgages up to 85% Loan to Value
Lending to Limited companies considered