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Buy-to-Let Mortgages allow the borrower a first charge loan using a Residential Investment Property as security.

Types of Buy-to-Let Mortgages we can offer:

Standard Buy-to-Let mortgages are structured so that the property is rented to tenants and the mortgage payments are covered by the rent generated from the tenancy.

HMO Mortgages are a conventional Buy-to-Let mortgage taken over an Asset that has multiple tenants.

Holiday Let mortgage are a conventional Buy-to-Let mortgage on an Asset that has long-term tenancy restrictions.

Portfolio Mortgages straddle the border between Buy-to-Let mortgage lending and Commercial Mortgages as a loan over multiple properties. In Buy-to-Let mortgage form this will take individual loan charges against each property whereas in commercial form a single loan facility can stretch over multiple properties. The former tends to be interest only, the latter amortizing.

The two main forms Buy-to-Let mortgage products are:

  1. Interest only products
  2. Capital and interest repayment products

A Buy-to-Let mortgage provider will lend to a set-percentage of the purchase price of the property and typically the highest LTV’s available are 75-80%.

Since Buy-to-Let mortgages are normally a longer termed form of finance, the rates often tend to be very competitive. The borrower is normally provided with a choice of a fixed or variable rate product.

Please call us today to see how we can help or submit an enquiry and we will contact you.

Property Development

If you are involved in the Building Industry or Property Development, then we can help you fund your project. Property Development and Refurbishment loans are provided from £50K upwards.

The following should be considered:

  • All residential Property Types supported – Houses, Terrace, Mews, Flats
  • Applications should be supported by good evidence of demand in the local area
  • If properties are to be retained on completion, a long term re-finance option can be provided
  • Mixed use and Commercial Schemes can be supported; subject to a demonstrable demand on completion
  • Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated GDV of the project.
  • The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.

Under normal circumstances we provide loans equivalent to 70% of the estimated GDV of the project however, for experienced developers and if additional security is made available we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce Mezzanine Loans secured on a 2nd charge to provide any additional top-up funding.

Please call us today to see how we can help or submit an enquiry and we will contact you.