Landlord Mortgage Products

Landlords have been contacting
me and asking the question “will I be able to find a lender to remortgage or
purchase a new property.”

If you would have asked me the
question about a month ago I would have said its not going to be easy.

A whole group of buy to let
lenders pulled their products from the market until further notice, because of
the uncertainty surrounding the virus and the jobs market.

Well what’s changed not all
but a large group of lenders have returned to the market within a short space
of time. The highest loan to value product on the market at the moment for buy
to let is 80% which is only 5% down on what the highest product LTV was pre
corona virus.

So when a landlord client has
contacted me about the current situation. I have said there are less lenders
active in the market place at the moment but as long as the mortgage case
stacks up financially there are still plenty of buy to lenders to choose from.

Additionally more are re
entering the market again so there own confidence levels must be increasing.

The message to landlords is I
can still place your buy to let mortgage or remortgage.

Do not panic

Whether you are self employed
a business owner or have a complex financial situation we can help with a
solution. Contact me Paul on 01902 213201 or email
paul@applefinance.co.uk for a
free consultation.

 

 

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