Buy to let mortgages are a very major part of our business these days as the number of people wanting to buy properties for this purpose has increased enormously. However, at the time of writing (end 2009) we are going through pretty turbulent times generally, and buy to let mortgages have been particularly badly affected.
Buy to let mortgages are a very major part of our business these days as the number of people wanting to buy properties for this purpose has increased enormously. However, at the time of writing (end 2009) we are going through pretty turbulent times generally, and buy to let mortgages have been particularly badly affected. Don't misunderstand us - the buy to let market is very active indeed and many existing or would be landlords are taking advantage of the buyer's market whch exists at the moment and snapping up properties suitable for investment purposes at bargain prices.
The maximum mortgage in any situation is now 75% of the lower of purchase price or valuation. Mortgages for properies requiring an HMO licence(student type properties) are particularly difficult at the moment. You will find that most buy to let lenders are taking advantage of the fact that landlord's options are limited at the moment, and in many cases are charging fees which, frankly, are extortionate in our opinion.
Our Locations:
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Main Office - 144 Walter Road, Swansea, SA1 5RW
01792 543500
Business Name
Inter City Financial Services
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