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Investor Mortgages

New Initiatives for Buy to let Investors

 

Buying home

 

We are delighted to share with you some very exciting new initiatives from one of our lenders in the Buy to let space. From today, they have launched a 15 year Interest Only product for Individual Buy to Let Investors (BTL). In addition, they have introduced a 4.29% rate for Individual BTL investors who choose the Capital and Interest repayment option and have an LTV less than 50% and finally.

 

 

New 15 Year Interest only product

Customers can select their Interest only term from 5 to 15 years

Rates for 15 year interest only product

  • 4.92% less than or equal to 50% LTV
  • 5.45% greater than 50% LTV

Company Buy to let investors

A 10 year interest only product will continue to be available for company BTL Investors.

Lowest BTL Variable rate in the Market

Reduced variable rate to 4.29% for Individual BTL Investors, with LTV < 50% and who choose the Capital and Interest repayment option.

Please note:

The 15 year Interest Only Product and new 4.29% rate, which are both for Individual BTL investors. 
Rates for company BTL Investors remain unchanged

Lending Guidelines

Product Details of 07/09/17

Individual Buy-to-Let Investor Company Buy-to-Let Investors
 Loan Purpose   Purchase or refinance of Residential Investment Properties   Purchase or refinance of Residential Investment Properties
 Loan Structure
 Options
   5 to 15 year Interest only
   20 year Capital and Interest repayment
  5 to 10 year Interest only option
  20 year Capital and Interest repayment option
 LTV Up to 70% LTV (Loans up to 1m)
Up to 65% LTV (Loans from 1m to 1.25m)
Up to 65% LTV (Loans up to 1m)
  Up to 60% LTV (Loans from 1m to 1.25m)
 Loan Amount Minimum loan size 40,000
Maximum loan size 1.25m
  Minimum loan size 40,000
  Maximum loan size 1.25m
 Loan Term Minimum term 5 years
Maximum term 20 years
  Minimum term 5 years
  Maximum term 20 years
 Rates Variable rates from 4.29%   Variable rates from 5.45%
 Property Value Minimum property value 80,000
No maximum property value
  Minimum property value 80,000
  No maximum property value
 Borrower  Criteria Minimum age 21 years
  Maximum age on maturity 75 years
  Minimum annual income 40,000 (per    single/joinapplication)
Maximum of 4 applicants

Product details and rates are correct as at 07.09.17 but are subject to change. Lending criteria, Terms and Conditions apply and are subject to change.

Questions

If you have any questions why not give us a call. 074 910 3938  Email us

 

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