With in-house expertise of over 30 years, we are able to provide a whole range of market options to tailor-make facilities to your exact requirements – from starting a portfolio from scratch through increasing existing portfolios including capital raising and transfers of existing portfolios on incorporation.
Over recent years the market has become more highly regulated and we would recommend you familiarise yourself with requirements on property certification and identification of tenants as to their right to residency as this can lead to heavy fines. The services of a competent Commercial Property lawyer are always recommended. Facilities are available on a secured basis with loans available up to 75% of the property value on a full repayment or interest only basis, although with the latter the lender will need to understand your eventual repayment vehicle. Some lenders will consider small portfolios of up to 5 under their standard mortgage criteria, although most lenders (if this is your main income source) work on a net rent basis – generally between 70-80% – and consider normal maintenance, taxation and will stress test repayment figures with a nominal base rate of between 3.5-4% to take into account possible future interest rate rises.
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For more information, please speak with one of our advisers today by calling 0345 50 50 888.
The financial conduct authority does not regulate commercial buy to let mortgages.