We offer free and independent advice to all borrowers - whatever your situation.
There are now currently over 40 specialist lenders together with the mainstream lenders in this rapidly expanding market.
Buy to Let lenders generally work on the following criteria:-
• Up to 90% Loan to Value lending
• Amount lent is calculated by applying a formula using an anticipated monthly rental (as stated by the valuer) covering the monthly mortgage payment by between 100% and 130%, or by an income calculation.
• Property has to be in good enough condition to be let out on completion.
• Some lenders require you to be on a minimum income as well.
Rates are very competitive but you should be aware that they will be slightly higher than residential rates.