Left-field niche BTL criteria now available

Left-field niche BTL criteria now available

11:57 AM, 29th July 2021, About 3 years ago

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Some of the more left-field niche Buy to Let criteria has become available again to the property investor market and can open up options where none were recently available.

These ‘niche’ criteria include the following:

Day 1 Remortgage – No need to wait 6 months after purchase before you can move lender.

Capital Raising – Finance available for any legal purpose other than personal tax bills or gambling debts.

Security taken on properties above Commercial premises – This includes above food outlets which is normally extremely difficult to get agreed by underwriters.

Stress Tests at reduced thresholds to maximise borrowing to rental income – Calculated at 125% @3.29 as oppose to 125% @5.5%

  • No differential between higher and lower rate taxpayers

Free Valuations now available on standard properties (up to £500k)

No stress testing on background existing BTL’s and No background affordability checks and budget planners.

All the above may help secure a lender where none were previously available so if you need any assistance please contact me using the form below and my team and I will be happy to assist.

Contact Malcolm Jones

Commercial Finance, Development Funding and Bridging Finance

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