Out of work landlord? You could still apply for a buy to let mortgage.

Would it surprise you to know that being unemployed doesn’t have to stop you from obtaining a new buy to let mortgage?

Perhaps you are already a landlord with an existing portfolio of property who wishes to use it as security to raise further funds. As a result of your current employment status, you may have found it difficult to approach a mainstream lender about a mortgage or given up before you really started; convinced no one will give you a fair hearing.

mortgage

There are specialist lenders who offer ranges of first and second charge buy to let mortgages to landlords who don’t fit ‘normal’ lending criteria requirements. As an independent mortgage broker in the UK, Deal Direct can advise you on the details of the products and the extent of the flexibility offered.

If you are wondering if it’s possible to obtain a buy to let mortgage in your situation, ask for Deal Direct’s advice and we’ll help you 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 advisor.

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.

Need a buy to let mortgage? Call 0800 048 8828. 

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Article published: Thursday, October 11, 2018
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