Buy To Let Mortgage and Remortgage Companies
< Back
Buy to Let Mortgages With Alliance & Leicester
Are you seeking funding to purchase or refinance buy to let property in the UK? If you’re looking for a fixed rate buy to let mortgage, be sure to check out the landlord mortgage products available from Alliance & Leicester. The lender offers several fixed rate options, including two, three, and five year terms. Alliance & Leicester understands what landlords need in terms of mortgage funding, and the company offers a wide variety of lending services designed especially to meet the needs of buy to let investors.
When you choose Alliance & Leicester to provide your landlord mortgage funding, you'll be able to finance an unlimited number of investment properties, up to the portfolio limit of £3 million. You can finance either free or leasehold properties, and you won't have to pay a higher lending charge. You can qualify for buy to let financing of up to 75 percent based on your earned income alone. If you want to finance above 75 percent, you'll need earned income plus 115% of the pay rate. It' also possible to utilise half of the rental income as regular income in order to determine affordability. Alliance & Leicester does place an 85 percent maximum on loan to value.
The minimum term for Alliance and Leicester landlord mortgages and buy to let remortgages is five years, and the longest allowable term is 40 years. When seeking a landlord mortgage from Alliance & Leicester, it's important to know that there is a limit of four applicants, and at least one of the applicant has to have owned a home during the past two years. Loans will not be approved for individuals under the age of 18, or who will be older than 75 at the conclusion of the term of the loan.
< Back
