Buy to Let Mortgage - salary shortfall

Lilacblue

Hello

Does anyone know of a mortgage lender that offers buy-to-let mortgages but is flexible regarding the level of applicants salary?

Property value is £100,000 approx, deposit saved is £25,000. But lenders seem to require an applicant to have a salary of £25,000 pa (Or £30,000 pa for joint applicants). This is a real stumbling block.

Any ideas or your own experiences would be really appreciated

Thanks.

ACG

See a mrotgage broker, this will be easy enough to sort out but BTL lenders in the main only deal with brokers.

wannahouse

Lilacblue wrote: »

Hello

Does anyone know of a mortgage lender that offers buy-to-let mortgages but is flexible regarding the level of applicants salary?

Property value is £100,000 approx, deposit saved is £25,000. But lenders seem to require an applicant to have a salary of £25,000 pa (Or £30,000 pa for joint applicants). This is a real stumbling block.

Any ideas or your own experiences would be really appreciated

Thanks.

lloyds tsb mortgage adviser told us, with an excellent credit score and 25% down they don't look at salary, as long as the property is earning at least 8% pa return i think it was...

Lilacblue

Thanks for your replies - much appreciated

malamala

Let us know how it goes