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Why Choose Us
Being a landlord has a steep learning curve and for many, it’s not the passive income they perhaps thought it might be. However, once you find your feet as a landlord, it’s common to see it as a career like any other. While some landlords are happy to keep a watchful eye on a single property, there are others who will be keen to expand and diversify their portfolio. Unless you happen to be a millionaire looking for properties in which to grow your money further, this inevitably means searching for the right mortgages.
The exact percentage will vary depending on who you ask. However, most will agree that 80-85% LTV ratio falls within the “high” category. Because 90-100% mortgages are no longer an option (sorry to those who miss the early ‘00s), the maximum LTV that investor-landlords can borrow is 85%.
Not all investor-landlords are able to secure an 85% high LTV mortgage. They need to be able to demonstrate experience to lenders, although in some cases 80% LTV mortgages can be granted to investors without previous landlord experience.
Because they don’t have to invest as much capital on a deposit for their property, landlords have more in the kitty to ease cash flow so that they aren’t caught out if one of their investment properties develops a plumbing leak or other fault that affects the tenant.
Investors can also choose between interest-only or capital repayment mortgages at 85% LTV.
As you might imagine, these can vary depending on the lender. However, lenders usually expect applicants to meet the following criteria;
A high LTV buy to let mortgage can provide much flexibility for an experienced landlord, but by no means is it always the best solution.
It might be more suitable for you to raise capital from your existing portfolio to minimise your personal risk and putting down a lump sum that is manageable while still ensuring that the property meets your requirements.
If you’d like to talk to us about High LTV Buy To Let Mortgages don’t hesitate to get in touch today.
Remortgaging is applied when you keep
living in your present property while applying for another mortgage deal with a new lender. Before finding out how to remortgage and get the best offers from experts like Ascot Mortgages, you have to check meeting what parameters of the deal that can help you succeed the most. The range of background factors varies a lot — from the recently changed loan-to-value ratio or your existing agreement coming to an end.
Whether you are trying to get a more beneficial deal or searching for funding to improve your home conditions, remortgaging is one of the most advantageous scenarios to consider.
Get things moving, apply for a remortgage.
Free unbiased mortgage advice is just a phone call away.
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Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £599 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £1299 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
Ascot Mortgages Limited is registered in England and Wales and have their registered office at 8 Webster Court, Westbrook, Warrington, WA5 8WD. The company’s registration number is 06764971.
We are a credit broker, not a lender. We work with the whole of the lending market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature any commissions model will be confirmed to you before you proceed.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT
©2024 AscotMortgages.co.uk – All Rights Reserved
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