Second charge buy to let mortgage options. Call 0800 048 8828 for details.
As a portfolio landlord, if you have recently experienced challenges in remortgaging, you may be interested in finding out about second charge buy to let mortgage options.
A second charge buy to let mortgage could be an alternative to a remortgage if you wish your existing deals to remain intact but:
- you wish to raise capital for repairs
- you wish to raise capital to refurbish and be more profitable
West One, for instance, is a specialist lender who is offering landlords this additional level of flexibility. Their rates start from 6.99% for up to 75% LTV. Loans accepted are for between £10,000 - £250,000. Other specialist lenders also offer second charge rates for buy to let mortgages and Deal Direct can furnish you with the details.
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.
Please note that 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.