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Posts Tagged ‘Buy to Let’

You have to wait 6 months to remortgage your BTL. True or False?

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I keep hearing about the 6-month rule – technically it’s not a rule as lenders view it very differently. Some enforce it almost to the minute whilst others are more comfortable.I keep hearing about the 6-month rule – technically it’s not a rule as lenders view it very differently. Some enforce it almost to the minute whilst others are more comfortable.

It’s not just your ownership but the sellers as well so always ask how long they have owned it.
There are several competitive BTL lenders who will accept an application within 6 months. Reasons to remortgage early include:

• Repay a more expensive short-term/bridging loan
• Release your cash earlier to buy your next property
• Improve your interest rate
• Obtain a mortgage on the increased value if you have refurbished it

Contact Searchlight now to see how we can help.

 

One of our Buy to Let Lenders

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• No limit on number of properties owned

• No limit on background mortgage amounts

• No minimum income for existing landlords

• Existing landlords don’t need to be owner-occupiers• Loans up to 80% LTV

• Maximum age 85 for repayment

• Professional Landlords and Developers welcome

• Property Income accepted

Contact us now to see how we can help with Buy To Let

All products are aimed at UK business BTL landlords and subject to underwriting. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.

Foundation Home Loans – Flat Fee Range

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Great news.

Foundation Home Loans have launched a new range of flat fee products across our Buy to Let range today. These complement their existing products and will give greater choice.

The new 2 and 5 Year Fixed Rates all come with an arrangement fee of £1,995. These are available to Individuals and Limited Companies.

Call them on 0344 770 8032 or send them an email

Contact us now to see how we can help you as we don’t expect this product to be around for long

All products are aimed at UK business BTL landlords and subject to underwriting. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.

 

 

 

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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