85% LTV Buy To Let mortgages
Assured Funding Ltd - a specialist and experienced Buy To Let broker - has access to a brand new BTL lender offering 85% Loan to Value Buy to Let mortgages. Their maximum LTV's are 85% for London and the South East, 80% for the rest of the UK.
This is an exciting development in the 'low deposit' / low equity BTL marketplace and a welcome and innovative move from a new bank to offer a competitive 85% product to the already well-established proposition currently being offered via One Savings Bank (the owner of Kent Reliance and Interbay).
Speed of service - Our new panel lender member says “Our advanced technology provides us with the capability to deliver a mortgage within 60 minutes. However, each applicant and the property involved is unique so it may not always be this fast.
It will however be hours and days and not weeks and months.”
This Buy to Let mortgage is available to Individuals, Limited Companies and Limited Liability Partnerships looking to invest in a Buy to Let property or transfer their existing portfolio.
And also for first time BTL'ers too!
A snapshot of the 85% deals are as follows (correct as at 20-10-2017);
Other key criteria;
Minimum loan amount £50,000
Maximum age – Individuals 85 SPV Directors 75
Minimum income £25,000
The property must be let on a single assured shorthold tenancy agreement with a term of between 6 and 36 months
The maximum number of (adult) occupants is 5. All such occupants must be party to the rental agreement.
Local authority/housing association tenants are not acceptable
For more information and criteria please contact us by completing and returning the online form below, or by calling our freephone number 0808 123 1 321.
Please ask us for a personalised illustration - we are here to help.