Buy To Let 75% LTV Mortgages
Our Buy to Let Mortgage Service
Why choose us?
Fair Mortgages can provide you with a first class service if you are looking for buy to let mortgage advice.
Special features of what we offer include:
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Whole of market broker - we deal with most UK buy to let lenders
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Rates - Access to leading buy to let market rates
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Exclusives - Access to exclusive buy to let mortgage deals not available on the high street
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Our buy to let expertise - Expert help whether you are a first time investor or experienced full time landlord
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Credit issues? - We have lenders who will take into account previous defaults and missed payments
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Are you an experienced buy to let investor? - Have a complex buy to let or have a portfolio of 5+ properties? - speak to us
To investigate your buy to let mortgage options, call our specialist team or fill in our call back form.
If you can afford to put down a deposit of at least 25%, you may be wondering what to buy to let 75% LTV mortgages are currently available.
Using the calculator above may help you compare buy to let mortgages from a variety of different providers. You just need to enter your relevant financial information and the calculator will filter a selection of mortgages that fit your requirements.
Buy to let deposit for a 75% Loan To Value
Buy to let mortgages require larger deposits than regular loans, while residential mortgages may be taken out with as little as a 5% deposit, a deposit of at least 25% is usually required for a buy to let mortgage. However, it is sometimes possible to get buy to let finance for less.
As with all types of mortgage however, the larger the deposit you can afford to put down the lower, the interest rates you can expect to pay will be.
About buy to let mortgages
One of the key differences between a buy to let mortgage and a traditional mortgage is how your affordability is calculated.
Instead of it being a multiple of your income, lenders tend to require borrowers to provide details of their rental yield. From 2017, lenders require the rental coverage ratio to be at least 145% for standard buy to let properties and 170% for a house in multiple occupation buy to lets.
This estimate needs to come from a professional rental valuation, you cannot simply tell the lender how much you are intending to charge for rent.
Other factors that may affect the buy to let mortgages available to you include:
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If you are already a property owner – Some lenders only offer buy to let mortgages to existing homeowners.
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How much you earn – While affordability is generally calculated on rental yield, many lenders still have a minimum requirement for how much their potential borrowers need to earn. From 2017, lenders will also require that you can afford the mortgage repayments in the event that interest rates increase to 5.5%
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Your Age – Some lenders may be reluctant to offer mortgages to applicants who will be over 70 years old by the end of the mortgage term.
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Your property portfolio – From 2017, lenders will review your entire property portfolio before granting a buy to let mortgage. It should be noted that it is unlikely that a lender will provide a buy to let mortgage if only a few of your buy to let properties are profitable. This means that you can no longer spread equity across your portfolio.
There is a range of repayment plans, where your monthly charge pays off a portion of your loan, and interest only plans. For interest only mortgages, you need to repay your loan in full at the end of the mortgage term, as your monthly payments only cover the interest of your mortgage.
When looking for a buy to let mortgage you may benefit from speaking to an independent buy to let mortgage broker such as ourselves. We can provide you with impartial advice and offer a whole of market service; we can search from a wide range of different lenders to find the plans most suitable for your needs.
If you would like to find out if Fair Mortgages may be able to help you, you can fill in our online contact form to request a call back from one of our advisers. They can offer you a free initial consultation about mortgages. Alternatively, you can call us directly.
Our Buy to Let Mortgage Broker Service
Why choose us?
Fair Mortgages can provide you with a first class service if you are looking for buy to let broker mortgage service.
Special features of what our broker service offers include:
-
Rental income requirements - What lenders now require on rental income - we can help you through the lender criteria maze
-
Whole of market broker - we deal with most UK buy to let lenders
-
Buy to let rates - Access to leading buy to let market rates
-
Exclusives - Access to exclusive buy to let mortgage deals not available on the high street
-
Our BTL expertise - Expert help whether you are a first time landlord or full time landlord
-
Credit issues? - We have lenders who will take into account previous defaults and missed payments if applicable
-
Experienced BTL investor? - Have a complex buy to let or have a portfolio of 5+ properties? - speak to us
To investigate your buy to let mortgage options, call our specialist team or fill in our call back form.
