Buy to Let mortgages | Finserv-Capital

The only flexible overdraft product with no drawdown or non utilisation fees secured on personally owned BTL’s.

What’s new

Flexible overdraft option for the first 12 months of the loan – cheaper and better than bridging
No minimum draw down – agree the facility and draw / repay it when needed without penalty
Unlike similar products this is available to landlords owning property personally

Key selling points

80% LTV Second Charge term loan secured on BTL property
Ok for personally owned or SPV Buy to let landlords (similar products are SPV only)
Rates start at 4.6% – (cheaper starting rates than others)
£25,000 to £1,000,000
Max age at end of term 85
Use for deposits, property refurbs, developing other property, business, debt consolidation

Other main points

Up to 4 applicants
Property security located in England or Wales
125% DSCR
The minimum age of the Primary applicant is 21 years. Other applicants 18 years.
The Primary applicant must have a minimum personal gross income of £20,000 ( can be employment, self-employment, pension (private or state) or investment income.)
Where the loan is being used for debt consolidation, creditor details are not required.
Maximum loan term is 25 years. Minimum is 3 years.
Must be a freehold, share of freehold or leasehold house, or a leasehold flat or maisonette, with remaining term of lease of at least 85 years at the valuation date and at least 65 years unexpired at maturity of the loan term.
A copy of the current Assured Shorthold Tenancy (AST) agreement will be required. The AST must be for a period between 6 to 36 months. Rolling monthly tenancies are not acceptable.
Corporate lets are not permitted (including contracts of any kind with a Local Authority or Housing Association) CBTL, Holiday or Airbnb lets are not permitted.
After 12 months applicants can apply to extend the facility subject to underwriting

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