10:47 AM, 10th February 2023, About A year ago
New to the market, this new SPV Ltd Company Buy to Let mortgage product is designed to support existing, and would-be landlords, who are looking to maximise their borrowing potential.
It will also benefit those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which will be dedicated to managing their portfolios. The New offer includes ….
• LTD Company mortgage – 2 Year Discount with 3.30% off Standard Variable Rate, pay rate 5.39%
• a flat lenders fee of just £1,249
• maximum LTV 70%
• only tied in for 2 years
• overpayments up to 10% pa
They can accept applications for borrowers up to the age of 80. Maximum age at the end is 85.
No credit scoring
First-time landlords accepted
Single AST’s only, no HMO’s or holiday lets
Up to 10 BTL’s allowed in portfolio
3x BTL’s with an aggregate lending of £1m is acceptable with this lender
Lending in England and Wales
£25,000 minimum income requirement
…. And lots more usual criteria applies too
For personalised quotes, contact me using the form below or through my personal member’s profile and I will be happy to assist.
Mortgages, Commercial and Bridging Finance, Life Insurance, Wills, Trusts and LPA's
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