First-time landlord? Higher buy to let mortgage LTV’s now available.
If you are a first-time landlord, it can be quite a challenge to find a buy to let mortgage that matches the amount you have as a deposit.
As a general rule, the bigger your deposit, and therefore lower loan to value, the better the rate, however not everyone can provide a large deposit.
Foundation Home Loans is a specialist lender whose products serve the buy to let sector. They have recognised that first-time landlords, in particular, require flexibility. This is why they have increased their maximum LTV to 80%, not only for first-timers but also on its standard range too.
This means that you can take advantage of the adjustment regardless of whether you have a portfolio or are just starting out to build one, and regardless of whether you are applying as an individual or a limited company.
For further details on this and other buy to let mortgages, contact mortgage broker, Deal Direct.
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.