80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies

80% LTV 5 year fixed BTL at 3.99% for individuals or Ltd companies

11:48 AM, 10th February 2016, About 8 years ago

Text Size

AldermoreAldermore have reduced their 5 year fixed Buy to Let rate to 3.99% for single residential units in the name of individuals or limited companies up to a maximum of 80% Loan to Value.

Aldermore do not credit score and every case is individually assessed by the underwriting team.

You can use all of the 80% LTV to raise capital and expand a property portfolio if you wish.

The completion fee is 2.5% which can be added to the loan and early repayment charges are 5% year 1, 4.5% year 2, 4% year 3, 3.5% year 4 and 3.5% year 5.

Criteria:

  • Stress tested at 3.99% and 125% interest cover for individuals. However, if the interest cover is less than 150% then rental and personal income may be taken into consideration.
  • Stress testing for companies is at 4.55% and as above
  • No minimum income requirement for existing Landlords
  • Maximum age 85 years at the end of the mortgage term
  • Maximum term 35 years
  • Minimum loan amount £25,000
  • Minimum property value £75,000
  • No HMOs or Multi Units

To search for any Buy to Let or residential mortgage please use our mortgage sourcing tool Click Here

If you would like any assistance now with property finance please complete the form below and we will be pleased to help 🙂

Form to Contact Property118

  • Please give us a few details so we can investigate and call you back

Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now