But to Let mortgages increasingly represent a growing sector of the overall mortgage market and the number of products and availability, to both seasoned property investors and first time landlords continues to increase month after month.
Fundamentality, a Buy to Let mortgage is a loan which allows for the purchase or refinance of a residential or semi-commercial property, which is let to tenants rather than lived in by the borrower.
Pure Funding Solutions can help you with
- First charge Buy to Let Mortgages
- Second charge Buy to Let loans
- Mortgage and Loans to both individuals and Ltd Companies
- Purchase of a new Buy to Let property
- Remortgage or Refinance of an existing property for further property acquisition
- Assisting first time prospective Landlords
- Working with very experienced and seasoned Buy to Let customers and Investors
- Non UK residents, Ex Pat’s and Foreign Nationals all considered
- Refinancing whole portfolios
Products and Criteria
- Mortgage and Loans up to 85% Loan to value
- Rental cover from 110% of the mortgage payments (sometimes called the Debt Service Cover, or rent to Income cover)
- Loans from £50,000 to £25M
- No restriction on the number of properties
- Interest Only and Capital Repayment loans both acceptable
- Rates from 2.99% over LIBOR
- Fixed rates, Bate rate trackers and Libor tracked products
- Cash back and part valuation also available with some lenders
Why use a Broker?
- The majority of Buy to Let mortgage and loans can only be accessed via a Broker or Intermediary
- A Broker can discuss a potential loan application with a number of different lenders to source and find the most competitive and suitable products on the market, saving the customer time and possible confusion
- Brokers can sometimes have access to exclusive and semi-exclusive products that may not be readily available
- The products and criteria can be a explained in a clear and concise way ensuring understanding and satisfaction
Look no further than Pure Funding Solutions for all your Buy to Let Enquiries.