80% LTV Buy to Let Mortgages Many investors and even brokers mistakenly assume that an 80% LTV mortgage automatically results in a higher loan compared to a 75% LTV deal. However, this is not always the case. In fact, the maximum loan amount often depends more on the property’s rental income and the Interest Coverage
Latest News with product update. https://www.financialreporter.co.uk/axessmax-enhances-broker-buy-to-let-tool-with-new-fees-calculator.html
New from Coventry BS – Limited Company BTL A Summary There is only one LTV at 75% for both 2 & 5y. It is priced above their individual buy to let rates. Lowest for individual purchases being 4.48%, the Limited Company rates are priced at 5.16% and 5.18%. With the high default rates and pay
Moda mortgages – Every product to Every customer All at Once. A new comer to the BTL lending orbit is Moda mortgage. They have one of the most streamlined product ranges of all. Similar to what Hampshire Trust Bank does. There has been some product shrinkflation with some lenders in the market. However, instead
Being flexible with maximum loan calculations. For an SSC or a Single Self Contained purchased on personal name, there are approximately 50 lenders. Current maximum fee on a Single Self Contained BTL purchased in personal name, can be as high as 7% with lenders like CHL, Vida, West One. Specifically when the maximum loan is
Many buy to let rates are below pre budget levels. There was a frenzy of rate rises by buy to let lenders in November. This seems to be in haste and bit of herd behaviour. What we saw last week was, many lenders reverting and reducing rates. Below is a list of lenders
Many buy to let rates are below pre budget levels. Read More »
We are officially launching our calculator. https://www.mortgagesolutions.co.uk/news/2024/11/28/broker-builds-btl-calculator-to-deliver-instant-responses/
Since the dramatic budget last week we have seen mixed activity in the Buy to Let rates market. Some lenders have raised some or all of their rates, some have scaled down the number of deals and few have fully withdrawn their rates temporarily (Keystone, Lendco). How property investors react to the budget will
Knowing your like for like remortgage lenders. This knowledge can be crucial for some landlords. Not all lenders provide beneficial deals for remortgaging without capital raising. However, there is a group of lenders that use enhanced criteria, when there is no capital raising and therefor allow higher loan levels. Others makes no differentiation between standard
Latest fall in Bank of England rates has enabled buy to lender to cut some rates to under 3%, which will allow landlords to borrow more money or reduce monthly payments.
