Buy to Let Mortgages for Professional investors
If you are a professional BTL investor or landlord and need help with a purchase or remortgage for a Buy to Let property we can help you.
It’s not just about the initial interest rate and whilst this is important there are many other factors for you to consider.
Comparing BTL Mortgages
- Income – no minimum to £30,000
- Number of properties owned – there are restrictions with some lenders
- Credit History. Any adverse credit will reduce options
- Rent to interest cover affects how much you can borrow
- Lenders will assess your whole portfolio and look at the LTV and Rental Cover
- Product Transfers, Further Advances, Portability – Are they offered
- Maximum term of loan – Up to 40 years depending on age
- Overall cost of the product
- Follow on interest rate – what you will pay after the initial period expires
- Incentives – Free Legals or Cashback, Free Valuation
Product Terms
- Buy To Let mortgages are available on interest-only, full repayment or part interest and part repayment basis
- Loan terms up to 40 years
- Age 18 +
- Minimum property valuation £40,000 although most lenders require £75,000
- LTV Up to 80% although 75% most common