Published 21 July 2012 · Last reviewed 6 April 2013 · Older article — see current rates
We now have access to Buy to let mortgage products for people who have had late payments on loans or cards and some CCJs and Defaults
Today I am please to announce that we have got access a ground breaking Buy to Let mortgage product for minor level credit problems.
Don’t get me wrong if you have missed mortgage payments, are an ex bankrupt or have had an IVA this is not for you. However, if you have had the misfortune of having a CCJ or Default in the past then this product can help you become a Landlord or Remortgage your existing Buy to Let.
The Buy to Let product is up to 70% Loan to value and the lender will also consider late payments on loans, credit card and store cards.
This product is not available from high street lender but is accessible via Niche Advice and we would be delighted to help you.
Light Adverse Buy to let information
- Up to 70% of the property’s value
- 1 CCJ to £2,500.
- 2 Defaults to £5,000.
- Some late payments on unsecured loans and credit cards considered.
- No adverse credit in the last 12 months.
- 1 mortgage allowed with this lender.
Payam Azadi is a partner at Niche Advice Ltd who are Independent Financial and Mortgage Advisers in London.