Range Posted June 30, 2011 Report Share Posted June 30, 2011 I am seeking advice from forum members on finding a good BTL mortgage broker. I did a search and the last post I could find dated back to 2008 so any updated information on who to use would be appreciated. Many thanks Link to comment Share on other sites More sharing options...
Richlist Posted June 30, 2011 Report Share Posted June 30, 2011 Use an independant broker.....look in yellow pages, your local newspaper & local estate & rental agents will have contacts. Link to comment Share on other sites More sharing options...
rajaali Posted July 7, 2011 Report Share Posted July 7, 2011 Connels Link to comment Share on other sites More sharing options...
Mortitia Posted July 7, 2011 Report Share Posted July 7, 2011 Cheltenham and Gloucester via Lloyds Bank are offering 80% LTV deals on Buy to Let I was told today by my local LLoyds mortgage advisor. Give this a go and compare with a broker Mortitia Link to comment Share on other sites More sharing options...
Richlist Posted July 7, 2011 Report Share Posted July 7, 2011 Cheltenham and Gloucester via Lloyds Bank are offering 80% LTV deals on Buy to Let I think the problem that many mortgage applicants have is the 'V' in LTV. The so called value attributed by the purchaser is often in excess of the one the mortgage valuer provides to the lender. The result is that lots of people are apparantly failing to achieve the mortgage offer they expected. Make sure you aren't one of them.t Link to comment Share on other sites More sharing options...
Range Posted July 11, 2011 Author Report Share Posted July 11, 2011 Saw an IFA and he has suggested a BTL mortgage which is a 1 year tracker interest only at 4.98%. LTV is 75%. This is designed to allow me the flexibility to leverage on the property post-renovation. However, I am now thinking about doing a long-term rental so am seeking advice on what product others would currently use use for say a 5 year rental? Is there a good BTL comparison site (like moneysupermarket.com)? Sorry to ask such basic questions! Link to comment Share on other sites More sharing options...
Richlist Posted July 11, 2011 Report Share Posted July 11, 2011 However, I am now thinking about doing a long-term rental so am seeking advice on what product others would currently use use for say a 5 year rental? I wouldn't agree to a 5 year rental agreement. I prefer to have the flexibility to raise rents and end tenancies without needing to wait for a lengthy agreement to run its course. BTL mortgages @ 5% are unlikely to provide sufficient profit from rental income when all costs are taken into account . Is there a good BTL comparison site (like moneysupermarket.com)? Mortgage brokers usually have access to mortgages that are not available direct to the general public so an independant broker is much more likely to find you the best deal available. Link to comment Share on other sites More sharing options...
YesAdam Posted July 26, 2011 Report Share Posted July 26, 2011 I can recommend a BTL Mortgage Broker - They are independent - whole of the market mortgage brokers that specialise in Landlord Finance and other Landlord Services. If your a professional landlord with a portfolio (or planning to build one) of 3+ properties ask for Mark otherwise ask for Paul - 01274 792 876. Link to comment Share on other sites More sharing options...
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