Axis Bank added to our buy-to-let panel

Property Hawk Mortgages has added Axis Bank to its buy-to-let panel. 

Axis Bank has entered the UK buy-to-let mortgage market for the first time and is offering its products through specialist buy-to-let distributors only including Property Hawk Mortgages.

Andy Young at Property Hawk Mortgages, commented: 

“It is exciting to see Axis Bank entering the buy-to-let market, especially as the sector is growing and the demand from landlords is strong. Currently, competition between lenders is increasing, pushing rates down and there is a large number of excellent products available for mainstream buy-to-let applications.

“However, there is definitely still room for improvement in niche areas of the buy-to-let mortgage market such as for HMO properties, Limited Companies and Ex-pat applicants. This is where Axis Bank will be a particularly useful addition to our lender panel with its specialist product range and a flexible approach to underwriting.”

Axis Bank product range highlights include:

• Loans for experienced landlords with at least 3 existing buy-to-let properties
• Unlimited portfolio size elsewhere considered, although maximum 5 loans with Axis
• Up to 75% LTV
• Maximum loan size £1m
• Rental calculation on 5 year product at 125% based on pay rate (4.09% on Standard product and 4.59% on Specialist product)
• Standard product range for individuals and their property requirements
• Specialist product range for more complex requirements, including purchases through Limited Companies, Houses in Multiple Occupation (HMOs) or Ex-Pat borrowers
• No minimum income requirement
• A range of product options, including longer term fixed rates to fit individual needs
• Available for properties in London and South East
• Refinance within 6 months of purchase considered
• All cases individually assessed.

Email:info@propertyhawkbtlmortgages.co.uk

Tel: 029 2069 5446