Westexe Mortgage Solutions are pleased to have access to an exclusive BTL product.
The biggest benefit this product offers is that the rental calculation is based on the pay rate of 3.99%, not the normal notional rate of 5% or more. This allows the mortgage customer to borrow more in a lot of cases, the details are:-
* Five year fixed rate 3.99%
* Lenders product fee 2% (can be added to loan up to 80% LTV)
* No proof of income required or asked for (no minimum)
* Maximum loan to value 75%
* Maximum loan £500,000
* Maximum age, to age 85
* 5 year reducing early repayment charge
This is an exciting product with a lot of flexibility. Experienced landlords will notice this, so this exclusive could sell out very quickly.