We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buy to Let mortgages
titchsmith7
Posts: 1 Newbie
Hi there, I`m thinking of buying a flat to rent out but I have noticed that in BTL mortgages, the loan to value rates (LTV) are quite high. They range from 60% to 75%! (therefore requiring deposits of 25% to 40%). Does anyone know of a reputable mortgage company that maybe does 85% LTV? And why does MSE not have any info on Buy to Let mortgages??
Thanks for any assistance
Thanks for any assistance
0
Comments
-
The days of 100% BTL mortgages, which contributed to the financial crisis, have long gone.
'Reputable' lenders will now have 'sensible' LTVs!
I believe the reason the site does not include BTL mortgages is that it is aimed at consumers, not the business world. As a landlord, you will be running a business.0 -
There's the odd 80% product for experienced landlords, but for a first time landlord, you'll find nothing over 75%.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards