Simon Nicholson

Expertly compared by Simon Nicholson

Products Updated January 9, 2020

Buy to Let Mortgages For Unemployed

If you are unemployed or currently out of work and require finance for a buy to let property then our experts can help. They can arrange both first and second charge mortgages against a BTL property without proof of the applicants employment. Suitable options for self employed and applicants who also receive benefit income.

Our Award Winning Buy to Let Experts can compare loan deals from over 16 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.

Questions? Call us on 0161 820 8099

1 providers expertly compared:

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All credit types
Rated 4.8/ 5

Lending Expert

Loan Amount
£10,000 - £1,000,000

Representative APRC
%

Loan Term
3 - 30 years

Loan Type
Buy to Let

Status
Homeowners & Tenants

Our buy to let finance experts can help find you the best deals on both first and second charge loans. We can quickly compare the market to find you the cheapest rates from a wide range of lenders. Solutions for both good and bad credit applicants, the self employed, professional landlords and first time buyers. Simply request a quote here on the websites for a free no obligation quotation.

Read our customer and visitor reviews for this product:
Rating: 4.6 / 5 with 31 votes
Good for secured loans
by Abdul R

Good service for secured loans with a full brokerage service. Good panel of lenders to suit most customers.

Found the right mortgage I was looking for
by Mrs Dale

Had a very positive experience using the mortgage pages. Thankyou.

This product is an ideal solution if you need a mortgage, remortgage or loan against a BTL investment and 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.

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 & 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 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 mortgage 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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