Is a buy to let mortgage still obtainable with an adverse credit score?
An adverse credit score does not mean that you will be unable to obtain a buy to let mortgage. Options are available that can help you get back on your feet and regain a favourable credit status.
A number of lenders specialise in offering ranges that cater to those who do not have an unblemished credit history. Deal Direct can help you to find one that is willing to assess and price loans according to your individual circumstances.
Castle Trust Capital is an example of this type of lender and they have just launched a brand-new range that could meet your needs. Loans start at a rate of 6.99% and are available for up to 75% LTV, for terms of between 1 and 3 years.
Applying to Castle has the added advantage of being offered a new product from a lower risk category if credit history has improved over a 12 month period.
A member of our team here at Deal Direct will be more than happy to discuss the details with you from this and other similar lenders.
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 property as an investment, you will need to contact an independent financial adviser.
Please note:
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.
Don’t let an adverse credit score stand in your way of a mortgage.
Call Deal Direct to discuss your options on 0800 048 8828.
