First time landlord interest-only buy to let mortgage launched by Bluestone.
Bluestone Mortgages is a specialist lender who has launched a new buy to let mortgage product aimed specifically at first-time landlords.
The mortgage is an interest-only option and is available for up to a maximum of 80% loan to value.
An interest coverage ratio of 125% is stipulated for basic rate taxpayers and 140% for those paying the higher rate of tax.
If you are a first-time landlord, finding the right affordable borrowing solution can be complex. This is why seeking professional guidance is a wise decision.
Deal Direct has accrued more than a decade’s worth of experience in this sector of the mortgage market. With strong relationships built with lenders and their underwriting teams, we can help to get you started on your profitable property portfolio journey.
Please bear in mind that:
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.
Call 0800 048 8828 for low rate buy to let mortgages.
