According to figures from the Intermediary Mortgage Lenders Association, investment in Buy-to-Let properties fell by 80 percent from £25bn in 2016 to £5bn in 2017.
With extra stamp duty and stricter regulatory and lender tests in place, this climate is creating a new breed of “buy-to-let mortgage prisoner”- individuals who were able to take out loans in a more amenable lending climate but now find they don’t meet lenders’ stringent affordability tests.
At Enterprise Finance, we have a portfolio of products aimed at borrowers with complex funding needs. These include Second Charge Mortgages, Bridging Loans and Complex Buy-to-Let.
Find out how we can help your clients.
Complex BTL mortgages cater for borrowers in many everyday scenarios that High Street lenders will not consider. Do you have any clients in similar situations?
- Portfolio landlords – High Street lenders typically won’t consider landlords with more than four properties
- Limited companies
- Foreign or expat buyers
- Sub-prime credit borrowers
- Self-employed individuals
- Residential and commercial properties, or a mixture of the two, e.g. student houses, HMOs, multi-unit properties with one title deed, a shop with flats above it.
With Enterprise you can help your clients access up to 80% LTV, rates from 2.99%, stress rates from 4.19%, 125% rental calculation – and no landlord exposure limits.
No case is too complex for Enterprise Finance so get in touch.
For more information, drop us a line to discuss your clients’ needs or give us a call on 020 8731 5333.
