At Niche Advice we understand that landlords have many different costs and my not always have the standard income profile required by many high street lenders hence our range of Buy to Let Mortgage with Low Income products could be suitable. We are happy to support buy to lets on the strength of the rental income rather than purely income from an occupation. All we need is satisfy ourselves is confidence you are managing to maintain your lifestyle.
Buy to Let Mortgage with Low Income
- Multiple mortgage Lenders without a minimum income requirement.
- Price sensitive Lenders that look at £20,000 earned income for single applicants and £25,000 combined incomes.
- Incomes from multiple sources included 100% property income.
- Lending into retirement.
- No minimum time in your job.
No upfront Broker fees by us. You only pay once the deal completes.
Example Product Rate and Fees – Buy to Let Mortgage with Low Income
The total amount you must pay back, including the amount borrowed is £493,970.93
Buy to Let Mortgage with Low Income: Aimed at landlords with experience. No minimum earned income requirement. Must be residential homeowner. Must show affordability to maintain lifestyle and be able to cover rental voids.
|Type and initial benefit period||Fixed until 31/10/2020|
|Minimum deposit / equity:||25%|
|Telegraphic transfer / CHAPS fee||£8|
|Early repayment charge||2/1% of the amount repaid in the fixed period|
For more information on Buy to Let Mortgage with Low Income please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current as at 07/09/2018 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.