Navigating the Buy-to-Let Mortgage Challenge
The rise in interest rates has made Buy-to-let mortgages difficult (and in many cases seemingly impossible) to place.
However, by utilising specialist lenders, landlords can overcome rental stress tests and expand their portfolios.
Criteria Highlights
Applicant
– Adverse accepted
– Expats and foreign nationals accepted
– No maximum age
– First-time buyer and landlords
– No minimum income
Standard tenancy
– Adverse accepted
– Expats and foreign nationals accepted
– No maximum age
– First-time buyer and landlords
– No minimum income
HMOs (inc. Student Lets) and MUFBs
– Large HMOs (up to 16 rooms)
– Large MUFBs (up to 20 units)
– Top slicing available
Portfolio landlords
– No stressing of background properties
– No restriction to the number of properties
in the background
Holiday Lets
– Airbnb or similar platforms
– Using High, Medium, and Low rental figures
average over 39 weeks
– Personal use of property permitted up to
60 days
Let to Buy
– Rental maximising products
– No consent to let required
– Properties let to family members
– Inherited properties accepted
Property
– Properties in England, Wales, Scotland and
Northern Ireland.
– Semi-commercial (up to 60% commercial
value)
– Unusual property types
– Flats near, above, or below commercial
premises
– Listed buildings
– Short leases
