Monday, October 12, 2009

BTL Mortgage - Tip of the Week

No rental needed from valuer

Just to let you know we have a lender that, at 70% loan to value, will enable you to use an ARLA letter or a bank statement as proof of the amount of rent received (or in the case of new build the amount of rent that will be received)

You will need a minimum income of £35,000, and the rental fit is 100% at 8% - Ouch!

It also works where you have a property that has 5 bedrooms but 4 professional sharers/students (as opposed to BM Solutions who wont touch anything over 4 bedrooms).



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