Payments can be on a ikk bonusantrag repayment (capital plus interest) basis or interest-only.
This is to reflect the increased risk to the lender of the mortgage not being paid.
The "rental value" of your property will be verified by the surveyor who conducts the mortgage valuation.
It's not all doom and gloom however, as buy-to-let mortgage rates remain extremely competitive, with property investors able to fix their mortgage for five years below 2 per cent.Deposits and interest rates, deposit requirements for these types of mortgage are stricter than for residential mortgages.We will look for the property portfolio to be built up over time, where a track record of account performance can be evidenced as the portfolio size increases.Metro Bank also launched new rates at 70 per cent loan-to-value, such as the.46 per cent for five years, with a 999 fee.In the case of Foreign Nationals, the applicants/s must have permanent rights to reside in the UK and be able to evidence this.Buy to Let products.The lowest rate deal on the market is.99 per cent from Nationwide's buy-to-let arm, The Mortgage Works.
'Landlords look to be benefiting from a surge in competition among lenders.
Also on offer is.49 per cent deal at 65 per cent LTV with a 2,275 fee from The Mortgage Works.
Most lenders will want a minimum deposit.
Where the property is being let to a family member. .