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 The buy to let market has grown rapidly since 2002 driven by significant returns in capital growth and income. Mortgage interest rates now compare favourably to residential home mortgages with lenders generally providing finance up to 85% of the property value. Although most lenders will require borrowers to have a nominal income, the amount of advance will be based on the rental assessment set by the valuer. Normally the lender will require the gross rent to exceed the monthly mortgage interest payment by between 125%-130%. A wide range of schemes are available in this sector to include fixed, discounted and tracking rates along with flexible offset schemes. For further information or a personalised illustration please follow the link. Get a quote |
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PJK
Associates Ltd is registered in England 4560488
Registered address: Cedar House, Cedar Lane, Frimley, Surrey, GU16 7HZ Tel: 01276 22333 Fax: 01276 22555 Web: www.pjkassociates.co.uk YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THINK CAREFULLY |