Whether you’re employed, self-employed, a limited company, limited liability partnership (LLP), sole trader or partnership, we’ll do all we can to arrange the funding you need. Even if you’re an expat or don’t have permanent rights to live in the UK, we will consider your application. And if you’re funding a buy-to-let yourself, don‘t worry as there’s no upper age limit.
Buy-to-let for almost any purpose
If you need finance – whether a mortgage, remortgage or second charge secured loan – on multiple buy-to-let properties, talk to us. Why? Because we can provide a mortgage for your buy-to-let portfolio for almost any purpose.
We’re one of the few lenders offering second charge buy-to-lets, particularly interest-only second charge buy-to-lets. Plus, we also consider a large variety of property types, and have more flexibility when lending to people with less than perfect credit histories.
As well as standard securities, we’ll consider mortgages for buy-to-let portfolios with:
- ex-council houses, flats and maisonettes
- high-rise properties (yes, even ones above 6 floors)
- properties with poor valuations (when the property is in a less than perfect condition)
- non-standard constructions (when the property is a little out of the ordinary)
- normal brick-built houses, flats and maisonettes.
Key features
- Tiered ICR from 125%
- Loans from £5,000 to £2,000,000 (above by referral)
- First and second charge available
- Adverse credit profiles considered
- Rates start from 5.99%
- Interest-only and repayment options available
- EPC requirements:
- Minimum rating E – however, we will consider F or G by referral.
- We will require a copy of the EPC in the following circumstances:
- All purchases
- All re-mortgages, where the property is currently being let, or there is an intention for the property to be let in the future.
With added value
We accept property types other lenders may not consider, including properties which are a little out of the ordinary, And after 5 years we don't hit you with early repayment charges if you want to pay off your loans early. So you’re not tied into the buy-to-let mortgage for the full term, leaving you to get on with your next project.
10 steps to getting a mortgage for your buy-to-let portfolio
We’ll discuss your circumstances with you and what you need.
- Once confirmed, we’ll help you complete an application form.
- Underwriting will review the application and complete a Credit Check. To do so, we’ll need various documents from you including ID and proof of income.
- If everything is ok, we’ll arrange a valuation.
- Valuation returned and will be checked by the underwriting team. If ok, we’ll instruct our solicitor.
- Your solicitor receives the legal documentation.
- Once all the paper has been sent back, our solicitor will complete the Report on Title.
- Our solicitor team will review the ROT.
- At this stage our underwriter team will complete a full review of the file in preparation for funding.
- We’ll transfer funds to your solicitor and you're good go
Our lending criteria
To qualify for this product, as a minimum, you must:
- have obtained the properties with the intent to let them out. In other words, for a business purpose.
- be at least 18-years old. There’s no maximum age limit, providing rental income covers 125% of total secured lending repayments.
- have no more than 6 demerits on your credit profile in the last 12 months.