Do buy to let mortgages 85% LTV still exist?
Asked on Jan 31 2010,
Home Finance in London |
Short answer, no.
Max ltv rates on apartments are generally 70%, houses are about 75%. You may find a lender that goes to 80% but this is somewhat of a rarity.
Answered on Mar 18 2010,
Please give me a call as we have some fantastic rates available!
Answered on Apr 29 2010,
Yes - You can obtain Buy to Let Mortgages with just 15% deposit. Unfortunately there is only one lender offering this mortgage and it has limited distribution due to its popularity.
Pick your mortgage broker wisely; such as a Buy to Let Specialist from Bespoke Finance.
The lender is part of the One Savings Bank; or what used to be Kent Reliance Building Society.
Answered on Aug 16 2015,
Since this question was originally posted there are more lenders who offer an 85 LTV buy to let mortgage product.
Many 85 BTL products are open to a first time landlord though you will need a residential property in your name. For more established investors you can be considered on current criteria with 10 BTLl properties providing the combined debt is not over 2 million pounds.
Web reference: http://https://www.commercialtrust.co.uk/btl/product-type...
Answered on Oct 5 2015,
Didn't find what you were looking for? Ask a question
More Home Finance in London questions on AskMe
See more AskMe Q&A about Home Finance