Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
Since the credit crunch it has been extremely difficult for anyone without a perfect credit history to obtain a Buy to Let mortgage. Mainstream lenders have not been interested in entertaining any mortgage arrears, CCJs or defaults until now.
Aldermore have changed their Buy to Let criteria allowing a mortgage to be considered for customers who have had:
In recent years most options open to Buy to Let customers with any adverse credit would have cost 8-10% and even up to 15% for more serious cases.
This is obviously a very clever attempt to capture market share in a niche area, but really does help a lot of investors who have had a blip and are still a good risk
The Aldermore Product range starts from:
Aldermore Criteria includes:
You can get a full quote on our Buy to Let mortgage sourcing Calculator if you wish (CLICK HERE)
Or if you need any help with a Buy to Let application
Tel: 01603 489118
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