Buy to Let Mortgage with High LTV

Buy to let high loan to value (LTV) mortgages became less prominent in the market place after the credit crunch, but have since staged something of a comeback. The initial reduction in the number of such mortgage deals was due to the risk involved with the bank giving away such large loan amounts and uncertainty over the UK property market. More banks have began offering to provide loans for high LTV mortgages, so you may be able to find the mortgage deal you are looking for.

High LTV loans are usually offered at around 70-90% which means that the deposit you pay will be around 10-30%. This type of loan could be of benefit if you are looking to purchase a buy to let property. As with all loans consideration needs to be given to how the mortgage will be repaid.

A number of different factors will be taken into consideration by an insurance company during the process of your application for a buy to let high LTV mortgage. Whether you are successful or not will depend on certain personal circumstances as:

• Your credit history
• Whether your income will be sufficient enough to make the repayments
• If you have previous payment problems
• The size of you the loan you want

These factors are considered to be a risk for any mortgage provider who decides to give you a high LTV loan. Lenders will want to ensure that you are going to able to keep up with your monthly repayments, and any sign that you have failed to honour your obligations in the past may mean that obtaining a loan is a more challenging.

See our tables above for a selection of BTL deals on offer. If you require quotes and advice from a specialist buy to let mortgage broker please use our service in conjunction with the Buy to Let Company - see link at top of page.