Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
Too often Buy to Let best buy tables can leave you very disappointed as they are usually all based on a low Loan to Value of 60 or even 50% .
I have done a more realistic search using a Freehold house purchase price of £100,000 and looking to borrow £75,000 with an applicant income of £25,000. This only covers a basic degree of criteria, but will give a more realistic picture of what is out there in the market.
The last of the figures below also shows the total of what you would pay to that lender if you kept the mortgage with them for 5 years. This will give another indication of the type of value the lender is offering.
Products start from a 2.4% 2 year fixed to a 2.79% 2 year tracker:
If you would like to search using your own criteria and property details please CLICK HERE
The Property118.com mortgage sourcing tool is available for you to use with our compliments (no charge).
This system can be used to source both residential and buy to let mortgages. It is updated live by mortgage lenders and even includes mortgage products available exclusively via broker networks. You can compare total costs of mortgages, including fees, over any period of time.
Alternatively if you need help now finding a mortgage please do not hesitate to complete the contact form below 🙂
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More