Buy to Let Loans
Buy to Let loans are available with terms from 1 years to 35 years and include the interest only option.
Funding can be arranged for all forms of investment properties, whether they be straight forward residential properties (Buy to Let), multi let residential properties, Houses in Multiple Occupation (HMO’s), commercial properties or semi-commercial premises.
Buy-to-let funding is generally available for up to 85% of the property value. Loans are available on a repayment or an interest only basis. We have a number of schemes on offer including fixed rates, discounted rates and lifetime trackers.
With more complex residential investment properties or Commercial Investment properties funding is typically available for up to 75% of the property value. Interest rates start from around 2.30 % subject to status, terms up to 35 years with repayment and interest only options.
Buy to Let specialist products include
Ex Pat Buy to Let Loans – Expats living abroad who wish to purchase or refinance existing Buy to Let properties they already own.
First Time Landlord Buy to Lets – If you are a first time property landlord looking to purchase your first investment property or indeed if you are a home owner looking to purchase your first investment property.
Lending to SPVs (onshore and offshore) – Lend to limited companies in the UK and in many offshore jurisdictions including the BVI, Jersey, Guernsey etc. Many high street lenders will no longer lend to limited company borrowers but we are happy to consider these applicants.
Loans to borrowers with minor credit file issues – For example to those with a minor blip on their credit file due to a missed credit card payment or a satisfied CCJ, who, as a result, are unable to obtain funding from High Street lenders.
Bridge to Let – Hybrid Bridge and Buy to Let product all built in to one. Either a 2 or 3 year term with the option to exit within the first 7 months with no Early Repayment Charges.
Uses Include:
Property professionals looking to add to or even start building their buy to let portfolios.
Property developers looking to tenant and then refinance completed developments. The traditional development loans on offer need repayment as soon as the properties hit practical completion and many do not allow the developer to tenant the properties. We have lenders who are happy to look at repaying the development loans and allowing the borrower to either take a buy to let or even bridge to let loan to allow them to move on to their next development.
Refinancing or purchasing of investment properties when there is a short fall of rental income and the property will not support a high enough advance from the high street. Lenders are able to retain any shortfall in rental income to allow the borrower to release more capital from the property.
