This product is an ideal solution if you need a mortgage or loan against a BTL investment with a gifted family deposit. This product is also suitable if you are currenly unemployed, out of work or in between jobs. This mortgage is also suitable for applicants who are self employed, on benefits or who dont have adequate proof of income and earnings.
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What are the features?
Buy to let mortgage product for applicants who are unemployed
Unemployed applicants accepted
If you need to mortgage or remortgage a buy to let property and do not have adequate proof of income then this product is for you. No proof of rental income is required, and the tenancy agreement can be used to evidence rental with no further proof required with this mortgage.
What type of properties is this mortgage suitable for?
This product is suitable for any property type including semi commercial properties, ex local authority, flats above shops, maisonettes including High Rise, HMOs property & Non Standard Construction. There is no minimum property valuation and uninhabitable properties with no one living in them are also accepted.
I have multiple properties can I still get this mortgage?
Yes, this product is also suitable for portfolio landlords who own multiple buy-to-let property investments. Lending on this mortgage is available in England, Scotland and Wales with no minimum property value requirement.
Is there a minimum ownership time or period?
No, while some lenders will require you to have owned the property for at least 6 months, this is not the case with this lender. There is no minimum ownership time required and remortgage finance is immediately available.
There is no mortgage history required so First Time Buyers are considered.
Poor and low credit score credit applicants accepted
Poor credit applicants are considered including people with CCJ’s, IVA’s, missed payments, account defaults, discharged bankrupts, and applicants with a low credit score. No credit scoring is required for this application which means there is no requirement to undergo a credit check.
What are the product details?
- Loans from £10,000 – £1,000,000
- Up to 75% LTV.
- Adverse credit accepted
- First and second charge mortgages available
- Ex-pats landlords are accepted
- Any legal purpose including tax bills and purchase other properties and deposits
- Equitable charges available
- Capital and interest only available
- Up to age 80 at application
- No credit scoring, which means no need for a credit check
- Unemployed applicants OK