It can vary from lender to lender. Most mainstream lenders have a ceiling of 75% LTV (Loan to value) requiring 25% deposit. These include all the high street lenders. Those that allow lower deposits are specialist lenders, so expect to pay a higher rate. There are only two lenders in the market that allows purchasing […]
How Much Deposit Do I Need for a Buy-to-Let Mortgage in the UK? Read More »
fee vs Maximum loan When all the client criteria, such as the the property value, rental amount, LTV etc. is fixed for a buy to let loan, what controls the highest loan from the lender’s side is typically the rate. As discussed in another article, there is a direct relationship between the rate and the
Maximising your buy to let loan potential Read More »
Yes you can, but depends on current status. If it’s your residential the loan will be based on your income. It can be 5 to 6 times income based on credit score and the level of income. Higher the multiple higher the rate. If you are looking to raise money to put down
Are you able to borrow money on a mortgage free property? Read More »
