Buy to let mortgage companies

Mallyt04

Hi, can anyone recommend the best BTL mortgage company for someone setting up a portfolio. We have our first buy to let and deposits (25%) for 3 more, we are only looking for 4 in total. Any suggestions for which companies are best to approach that are more likely to approve several mortgages together. All properties are under £90k so not talking loads of money.

[Deleted User]

You putting them in a ltd company? I would assume so if building a portfolio.   Get tax advice from a tax advisor.  See a mortgage broker as 99% of companies in this area dont take business direct from consumers.   To be fair most normal buy to let lenders dont take direct from consumers either but especially so in specialist market .

Interest rate is a red herring when looking at ltd company btl as other things behind the scenes can make a deal significantly more costly.  Most common is the cost of paying for a solicitor for the lender when they dont allow your solicitor to act for them. Different lenders can absolutely rinse the cost on this.

If you are getting tax advice then ask the tax person if they can recommend a broker as you'll want someone with experience in this area.   Majority of brokers probably wont touch a ltd company btl case for years

Mallyt04

Thanks, yes it's all set up as a ltd company and you're right the additional solicitor fees are outrages ( other half is still ranting about this!). We did the first through a broker and went with foundation home loans but it was a painful experience. Looked at molo but they said to just make multiple applications online, obviously didn't want to do several credit checks if they are a hard one to be accepted by but not having much luck with mortgage advisors getting back to me as a ltd company doing BTL.