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 |
| 3.65% + bank base tracker until 30/9/11 reverting to SVR 4.99% Fixed until 1/7/12 |
| Good 2 year tracker |
| 3% until 31/7/11 |
| 60% Max to first time landlords 65% on all products |
| 3% |
| Rental 125% at 4.65% |
| This product is self cert -no minimum income, but must be employed/self employed. If employed, minimum 12 months in current job, 2 years continuously If Self employed minimum trading 2 years. |
| The minimum age at application is 21. The maximum age at completion of the mortgage is 90. |
| Houses and flats within good letting areas and good resale potential to the ‘owner occupier’ market. Studio flats are acceptable more than 32.5 sq m. 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 - max 4 floors Properties in England, Wales and Scotland. They will lend in the Isle of Wight but not the Isle of Man. New build houses accepted and also flats if over 12 months old |
| Bedsits are not acceptable. No students, DSS, Asylum seekers or council registered HMOs & multi lets to more than 3 tenants. Property developers not accepted |
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
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