Buy-to-let morgages 85% ltv

[Z064life]

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]

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]

Recently looked into this.

Best going through an experienced broker.

Rates can be had circa 4%.