Our Standard range of buy-to let mortgages are available to a Private Individual or Limited Company when purchasing or remortgaging a single property, providing this is NOT a House In Multiple Occupation (HMO), a Multi-Unit Freehold Block (MUFB), New build or Flat above Commercial premises. Details of our Standard products are summarised below.
For the full range of information including details of our latest product rates, please refer to our full Product Range.
Minimum Loan Term – 5 Years.
Maximum Loan Term – 35 Years .
Minimum Valuation – £75,000.
Minimum Loan Amount – £50,000.
Maximum Loan Amount – £2,000,000 @ 75% LTV.
Maximum Loan Amount – £1,500,000 @ 80% LTV.
NB – The maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 75%. We will require proof of the source of deposits.
2, 5 and 7 Year Fixed rate products.
Range of initial rates, fees and LIBOR linked reversion rates.
No missed mortgage or secured loan payments in the last 12 months and no more than 1 missed payment in last 24 months.
No more than 1 month in arrears on unsecured loan or Credit Card payments in last 24 months and no arrears in last 6 months.
Max 1 CCJ up to £250 in the last 3 years (0 in the last 12 months). Must be satisfied.