Simon Nicholson

Expertly compared by Simon Nicholson

Products Updated May 25, 2018

Buy to Let Mortgage Gifted Deposit

If you wish to take out a buy to let mortgage with the help of a family gifted deposit then our experts can help. Mortgages available up to 75% loan to value with 25% gifted deposit. This product is also suitable for adverse credit applicants and those who dont fit mainstream lender requirements.

Homeowners - Our award winning experts can compare the cheapest loan deals from over 19 approved Lenders. All credit types accepted:

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

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All credit types
Rated 5.0/ 5

Smart Money Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£3,000 - £1,000,000

Representative APRC
From 3.9%

Loan Term
3 - 35 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 100%

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner loans. We are independent and have access to the major lenders in the market. All quotes are free and without any obligation.

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.

>> Get a Quote on This Product Today From Smart Money

What are the features?

Buy to let mortgage product for applicants who are unemployed

Unemployed applicants accepted

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

 

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Rating: 4.6 / 5 with 27 votes

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