Published 1 February 2019 · Last reviewed 26 March 2019 · Older article — see current rates

Borrow more on your buy to let without the costs

As a Buy to Let Mortgage Broker I’m constantly looking at the market for buy to let mortgages with good rental calculations. I normally resist putting out blogs on buy to let mortgages with good rental calculations as the mortgage market is so dynamic and things chop and change so quickly but this one is so good I see it as my duty to share the news.

Rental Factors:

125% coverage for basic rate tax payers (20% tax) and limited companies
130% coverage for limited companies with ex pat members
140% coverage for higher rate tax payers (40% tax) and additional rate tax payers (45%)
140% coverage for expats and LLPs with ex pat members

Based on an interest rate of 4%.

Example of new Buy to Let Mortgages with good rental calculations

Example, Bob is a basic rate tax payer and owns a property worth £400,000 it is let to a single family on an assured shorthold tenancy (AST). He is looking to raise the maximum for future property projects. His rental is £1,250pcm. He could potentially borrow £300,000 subject to his status approval in either his personal name or under a limited company with UK based directors.

Niche Advice offers appropriate advice on Buy to Let Mortgages with good rental calculations and no lender fee.