COMMERCIAL BUY TO LET MORTGAGES

Parameters

Loan Size: £250,000 to £50,000,000

Maximum Gearing: Up to 80% LTV

Term: Up to 30 years

Location: Nationwide

KEY FEATURES OF THIS PRODUCT

Buy-to-let (BTL) mortgages that we arrange for our clients, are designed for landlords that can be structured in individual names as sole traders, or in Special Purpose vehicles (SPV) Ltd companies  for landlords who want to purchase or refinance residential, or holiday let properties to specifically rent out to tenants. 

Buy-to-let (BTL) mortgages also provides our property developers  a development exit funding product solution to for development projects that have reached practical completion with their development who have ready-made tenants lined up at practical completion

This product can  be used to refinance and repay existing development loan before the due redemption date, preventing possible late or default fees with existing development lender

Here are the key features of BTL mortgages:

• Not for primary residence: BTL mortgages are intended for rental properties, not homes you plan to live in.
• Used by landlords: Suitable for individual landlords or limited companies (SPVs) on long term loan basis
• Can be have a flexible term from 2, 5 ,10 and up to 25 years>
• Can be interest only or full capital repayment
• Rental income from tenants is used to service the loan