Neil Soundy Financial Services - 85% Loan to value Buy to Let Mortgages

85% Loan to value Buy to Let Mortgages

Buy to let lending criteria is becoming more relaxed with only a 15% deposit required for buy to let.

NSFS is delighted to offer these excellent semi-exclusive buy-to-let products with Kent Reliance.

These are the only buy-to-let mortgage rates currently available up to 85% LTV. They could be an excellent choice for your landlord clients who are looking to employ higher gearing in their property investments.

My reservation about the Kent Reliance is the high follow-on rate, currently 6.85% (7.10% APR)

UPDATE 16/01/2014  - NEW LENDER - INTERBAY COMMERCIAL 

Interbay Commercial has launched a new 85% buy to let mortgage.

Rate From 4% over 3-month libor.

Rental coverage based on 110% at payrate.

Multiple units on one title

Rates with Kent Reliance 1/7/2013.

Loan to value

Initial rate

Term

Reverting to

Rental calculation

Early repayment charge

Completion  fee

Notes

Up to 85%

4.89% discount (1.69% off the lender's SVR)

2 years

Lender's standard variable rate (currently 6.58%)

125% at 5%

None

2.5% (can be added)

 

Up to 85%

4.99% fixed

2 years

Lender's standard variable rate (currently 6.58%)

125% at 5%

4% in year 1, 3% in year 2

2.5% (can be added)

 

Up to 85%

5.99% discount  (0.59% off the lender's SVR)

2 years

Lender's standard variable rate (currently 6.58%)

125% at 5.99%

None

2.5% (cannot be added)

Also available on limited companies, HMOs, student lets and freehold units split into flats

Up to 85%

6.19% discount  (0.39% off the lender's SVR)

3 years

Lender's standard variable rate (currently 6.58%)

125% at 6.19%

None

3.0% (cannot be added)

Also available on limited companies, HMOs, student lets and freehold units split into flats

 An application fee and booking fee will normally apply. Maximum loan £1,000,000.

Why use Neil Soundy Financial Services for your mortgage advice.

We will give you independent impartial advice on every mortgage from every lender.

Your initial consultation is free with no obligation

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

Neil Soundy Financial Services Ltd
66 Albany Road, Cardiff CF24 3RR

Tel: 02921 159 466 | 020 3011 0662

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