Can anyone recommend a good Buy to Let Mortgage bank?
I am looking to buy a flat to let out – can anyone recommend a bank or lender who will do this for a reasonable rate at 90% loan to value.
Thanks.
Any other bits of info on investments or good investment companies would go amiss either. Thanks
UK only!
My Buy to let Interest Only mortgage is with Platform Homeloans… Searched high and low 3 years ago and got a 0.2% above base rate tracker for the life of the mortgage, with the option to add to my protfolio on the same mortgage deal upto the value of £1 million total investments, at the same rate.
Cant recall the exact deal, but with specialist interest only buy to let mortgages, companies will only lend the amount based on the potential rental income of the property. We had to get a surveyor to agree that we would likely rent it for £450, and it needs to be 125% of the cost of the actual monthly repayments. That was 3 years ago, and things may have changed, so shop around.
Regarding Platform, I am really happy with this company.
Should we let banks raise mortgage interest rates?
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