ATTENTION Buy to Let Landlords

Buy to Let landlords,  are you struggling to release equity to purchase addition BTL properties. Failing to maximise the current potential in the Buy to Let market. Bashing your head against the wall with traditional BTL lenders.

Release extra equity from your existing properties without the traditional debt service test (the old 125% rule) or the minimum personal income requirement, thus allowing further purchases. Borrow up to 20% of the property value, up to a maximum combined loan to value of 85%. Minimum loan per property is £10,000, maximum loan per property is £400,000.

Example: value of property £600,000, existing mortgage £275,000, rental income £1,500 per month. Traditional lenders will only lend an additional circa £12,500 based on the 125% rule. This lender will agree the full £100,000 allowing the purchase of two further £200,000 value buy to let properties.

Peter

Posted on June 12, 2014 by Peter Marriott, in: Staff posts

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