Bad news as one of the UK’s largest Buy to Let Mortgage Lenders makes significant changes to rental calculations and loan-to-values. The Mortgage Works has reacted to other Lenders by tightening its lending criteria. The biggest change is around rental calculation which has hardened from 125% to 145%. So what do these changes really mean? For example: someone looking to get a £200,000 Buy to … [Read more...]
The Mortgage works changes buy to let rental stress rate
Bad news for buy to let landlords as one of the Uk's largest lenders The Mortgage works changes its buy to let rental stress rate for 65% to 75% LTV products This is going to be quite a big blow for most buy to let landlords specially around London and the M25 area because rental yields in relation to loan amounts is very much strained. Unfortunately the mortgage works is following suit with many … [Read more...]
Review of The Mortgage Works let to buy 2 year tracker
The Mortgage Works Let to Buy 2 Year Tracker is an incredible rate for the facility it provides. The Mortgage Works Let to Buy 2 Year Tracker is a great addition on this lenders product range. Let to Buy is effectively a remortgage of an existing main residency mortgage onto a buy to let mortgage. It is not uncommon to raise capital at the same time to help towards the purchase of the new … [Read more...]
Re mortgage from The Mortgage Works standard variable rate
Borrowing additional money or re mortgage options for existing The Mortgage Works clients Let’s not beat around the bush one of the main reasons why applicants would have been recommended to go down The Mortgage Works path is the fact they wanted a buy to let mortgage solution with ‘no minimum income’ requirements. This lender has attracted: professional landlords; self-employed applicants; older … [Read more...]
