Some lenders may not consider many of the properties typically available at auction. But we'll accept HMOs; ex-council properties; flats in high-rise blocks; non-standard construction; and those with poor comments on valuation.
Short-term auction finance
Key product features
► Loans from £26,000 to £5,000,000
► Rates from 0.49% per month
► Up to 75% loan to value, and 100% if you have additional security
► Flexible terms
Lending criteria
► No lender's legal fees and free valuations on most residential purchases
► We accept employed, self-employed, limited company, LLPs, sole traders & partnerships
► We will consider residential, commercial, semi-commercial & land
► Lending throughout England, Scotland & Wales
*Other fees and charges apply and are variable based on the loan amount. 0.49% pm is applicable for the duration of the loan. 12 months as standard. No exit fee applies.
Buy-to-Let mortgage
Key product features
► Loans from £5,000 up to £2,000,000 (or more by referral)
► Rates start from 5.99%
► Up to 75% LTV (and up to 100% LTV with additional security)
► Tiered Interest Coverage Ratio (ICR) from 125%
► For single or a portfolio of properties being let out
Lending criteria
► Interest-only options available
► Most income sources and adverse credit profiles considered
► Additional income can be used to illustrate affordability
► No maximum age limit, providing rental income covers the required ICR
►EPC requirements:
o Minimum rating E – however, we will consider F or G by referral.
o 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.
Buying a rental property at auction?
You could use our Auction finance to complete before your deadline – then refinance with a long-term Together Buy to Let mortgage. Rates start from just 5.99% p.a.