Buy-to-let morgages 85% ltv
Buy-to-let morgages 85% ltv
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Z064life

Original Poster:

1,926 posts

278 months

Monday 9th April 2012
quotequote all
Hi,

Does anyone know any any providers who offer buy to let mortgages of 85%?

Also, when a provider says they provide a buy to let mortgage at 75% ltv, does that mean anything less than a 25% deposit is rejected? The same lenders provide purchase/first time mortgages at 15% deposits so would it be possible to pay a lump sum of the additional 10% (say after saving for a year) and then transfer to buy to let?

Thanks

Edited by Z064life on Monday 9th April 18:00

Sarnie

8,373 posts

239 months

Monday 9th April 2012
quotequote all
Generally, 80% is the max at the moment but the arrangements fee alone will be circa £2k and the rates around the 6% mark.

If your asking if a lender will let you buy the property on a residential basis (and thus a reduced deposit) and then allow you to rent it out with a view to you adding the further 10% at a later date; then the simple answer would be no.

75% is generally the LTV where you want to be to give you a much wider choice of providers and products.

Rick101

7,190 posts

180 months

Monday 9th April 2012
quotequote all
Recently looked into this.

Best going through an experienced broker.

Rates can be had circa 4%.