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J P Financial Mortgage Brokers advise on a wide range of mortgages, life insurance policies and secured loans. Click on the contact us link and enter your details for a free consultation today, or call 01202 512340 and speak to us now.
Are you looking to remortgage a buy to let property and not sure who has the best BTL remortgage rates. As whole of market mortgage brokers we have access to a wide range of lenders who provide buy to let remortgage deals for homeowners.
To qualify for a buy to let mortgage, lenders have a different set of criteria they use to determine affordability.
The property must achieve a rental income that will sustain the mortgage payments. In recent years this has varied between 100% and 125% of the monthly mortgage payment.
If the monthly mortgage payment for your buy to let property is £100, then you would need to achieve a rental income of £125 if the lender has requested affordability to be 125% of the monthly mortgage payment.
Mortgage lenders criteria changes on a regular basis, for more information on criteria, rates and deals click here and enter your details to request a call back or call 01202 512340 lines open 9am - 7pm Monday to Saturday and speak to a mortgage advisor now.
