First and Second Charge Buy to Let Mortgages

If your client is an existing or new landlord, who is either looking to buy a property, add to their portfolio or re-mortgage but they do not meet high street lenders’ criteria, we can help.

For landlords with extraordinary circumstances

Our First Charge Specialist Buy to Let Mortgages are suitable for clients such as those who: have a poor credit history; do not meet the minimum income requirements; do not already own a property; or who live abroad.

Our Second Charge Specialist Buy to Let Mortgages are suitable for those who want to release equity from their property and are unable to raise finance from their current lender. Also useful if they have incurred early repayment charges on their First Charge Mortgage and/or are already on a rate that they don’t want to lose.

Proven lender panel

As specialists in our field, we have honed our assessment process and cultivated long standing relationships with a network of specialist lenders, who understand extraordinary client circumstances and who have a history of responding positively.

Tried and tested process

Our in-house matching procedures, coupled with our extensive experience, mean we can quickly identify an effective and satisfactory solution for your client for the best chance of success. What’s more, we can liaise directly with your client (which means the onus of responsibility from a compliance perspective sits with us), or we can consult with you while you deal directly with them.

Key features

First Charge Buy to Let Mortgage Summary

LTVUp to 80% LTV.
InterestLowest rates starting from 2.89%.
Interest only and capital repayment options.subject to status and application
Mortgage types
  • First charge buy to let mortgages.
Client types
  • First time buy to let landlords.
  • Established buy to let landlords.
  • Ex pats and foreign nationals considered.
Client scenarios
  • First time purchases.
  • Non regular construction.
  • Poor credit history.
  • Do not already own property.
  • Un-occupied BTL’s considered.
  • HMO’s, MUFB’s and holiday lets considered.
  • Top slice on rental coverage if required.

Key features

Second Charge Buy to Let Mortgage Summary

LTVMax 80% LTV
InterestLowest rates starting from 2.89%
Interest only and capital repayment options.subject to status and application
Mortgage types
  • Second charge buy to let mortgages.
  • Ex pats and foreign nationals considered.
Client types
  • Buy to let landlords.
Client scenarios
  • No minimum personal income.
  • Unoccupied BTL properties considered.
  • HMO’s, MUFB’s and holiday lets considered.
  • Top slice on rental coverage if required.

The Financial Conduct Authority does not regulate commercial buy to let mortgages.

FAQ’s

Are you able to lend on a BTL above commercial premises?

Yes, our lenders will consider all property types, even those above commercial premises.

The clients first charge lender will not lend money due to rental stress test – are you able to raise further funds?

Yes, our lenders generally work on 125%/145%/165% depending on tax bracket but without stressing the payments. This way they can usually lend more based on their rental calculations.

Are you able to raise finance for business purposes?

Most lenders will raise finance for all legal purposes.

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Our First and Second Charge Buy to Let Mortgage experts are: