The Buy-to-let Equity Withdrawal Scheme is an innovative equity loan that can help you expand your property portfolio. With a maximum LTV of 85% and no stress test, an existing landlord at 70% LTV would be able to double the size of their portfolio using this scheme.
Product overview
- It’s an equity loan, secured via a second charge, of up to 20% of the property value and up to 85% LTV including the primary mortgage.
- There are no monthly repayments which means there is no debt service stress test.
- Loan is repaid at redemption, along with a share in any growth in property value over the term of the loan.
Suitable clients
- The Buy-to-let Equity Withdrawal Scheme is perfect for landlords who want to grow their portfolio – quickly and efficiently
- It will particularly suit landlords who want to gear up to the maximum possible limit – to 85% LTV – to accelerate growth of their portfolios
- It will help those landlords who want to enhance the cashflow from their property portfolios
- The product is particularly suitable for low yielding properties where conventional borrowing is constrained by the debt service stress test
Tel: 01494 894639
Your home may be repossessed if you do not keep up repayments on your mortgages.
The Financial Services Authority does not regulate some forms of mortgage.
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