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 |
| c3.25% + 5 year swap rate fixed for 5 years reverting to c3.25% + bank base |
| Commercial type mortgage but still interest only |
| Reimbursement of any loss on breaking the swap contract |
| 75% |
| 2% min £1500 |
| Rental 125% at payrate |
| The applicants must be a able to prove a sole or joint income sufficient to cover their existing commitments comfortably. |
| 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. Properties in England, Wales and mainland Scotland. Will accept new build up to 65% - no limit on % of block of flats. HMO's consdiered up to 65% Limited company borrowing aceptable |
| Bedsits are not acceptable. No DSS, or Asylum seekers. |
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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