Buy to Let Mortgage Product Details
| Scheme |
| Comments |
| Early Repayment Charge |
| Loan to Value |
| Lenders Fee |
| Interest Cover |
| Income Required |
| Min/Max Age |
| Acceptable Properties |
| Unacceptable Properties |
| 4.2% + bank base 2 year tracker 4.99% Fixed until 1/7/12 |
| Great 2 year tracker PURCHASE ONLY PRODUCT |
| 3% during first 2 years |
| 75% |
| 3% |
| Rental 125% at payrate |
| This product is self cert but the applicants must be a able to declare a sole or joint income at £25,000 plus. First time buyers and Expats will be asked to prove their income. For first time buyers income must cover the loan required based on 3.25 x provable income. |
| The minimum age at application is 18. The maximum age at completion of the mortgage is 75. |
| Houses and flats within good letting areas and good resale potential to the ‘owner occupier’ market. Studio flats are acceptable. Good quality high value flats above commercial premises may be considered, please refer to CPFC. Ex-Local Authority houses and flats are considered, but only if there is 50% in private ownership on the estate and if the property is out of its pre-emption period. Adjoining properties. Properties in England, Wales, Scotland and Northern Ireland. They will lend in the Isle of Wight but not the Isle of Man. Will accept 5% builders gifted deposit. |
| Bedsits are not acceptable. No students, DSS, Asylum seekers or council registered HMOs & multi lets to more than 3 tenants. |
IMPORTANT
Please note that although every effort is made to ensure that the product details listed are accurate, CPFC cannot guarantee the accuracy of the information displayed. Therefore this product information is for reference only.
Please be aware that some schemes have varying criteria depending on many factors. Therefore, it is imperative that you read not only the front summary details but also the full scheme details. This system is also constantly updated. However lenders are constantly amending and changing products and criteria and CPFC cannot therefore guarantee the availability of any of the products
YOUR HOME AND ANY PROPERTY USED AS SECURITY IS AT RISK AND MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE
Commercial Property Finance Consultancy Ltd is an Appointed Representative of Seddon Smith Financial Services Ltd which is authorised and regulated by the Financial Services Authority
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