The Mortgage Lender enters buy to let mortgage market.
The Mortgage Lender has recently entered the buy to let mortgage market having unveiled a brand new set of borrowing options for landlords.
The loans are obtainable for:
- individual landlords
- LLPs or limited companies
- new build properties
- flats above commercial units
Loans are available for up to 80% LTV at a fixed rate of 2.99% for 2 years.
As this is a new venture for The Mortgage Lender, adjustments to underwriting criteria, which is in a test phase at the moment, may come sooner rather than later. Therefore, if you would like more information or to compare these loans to others on the market, please speak to Deal Direct as will be happy to assist in any way we can.
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.