Precise Mortgages has launched a range of buy-to-let lifetime LIBOR tracker mortgages available to landlords looking for loans up to £2 million.
One of the main benefits of Precise’s mortgages is the attractive rental calculation they offer. Landlords can often secure larger loans for their lower rental yielding properties typically located in central London and the south-east.
Unlike many other banks and building societies, the rental coverage required is 125 per cent of the pay rate, rather than a notional and often higher rate.
If you are trying to buy a property and you're finding it hard to secure a large enough mortgage there are lenders offering generous acceptance policies.
For example, Trinity has access to banks willing to take the property's rental income as well as any personal income into consideration when working out the size of mortgage they will offer. This often enables them to offer more generous buy-to-let loans.
For help to secure a buy-to-let mortgage, call Trinity on 020 7016 0790.