Doors opening for Buy To Let Property investors

With recent reports showing the cost of renting a home has risen over the last 3 months, we see this as another sign for BTL investors to breathe a sigh of relief.
Over the last few years, any time any property in a BTL portfolio needed work doing, redecorating or general maintenance between tenants, the funding for this would have to come from the owners own pocket due to the lack of products available to fund such work, simply put lenders didn’t want to lend on non-residential properties.

Well this is starting to change…

We have seen a definite change in lenders attitudes towards clients with BLT portfolio’s and the latest lender to be added to our panel Portal Portfolio is leading the way lending up to 80% LTV on both residential and BTL properties, which is 15% above the previous market leaders and the rates are coming down too, now starting under 10% APP.

We are now three secured loan lenders available for BTL investors all looking to lend and with a wide range in each lenders product there are definitely some very attractive offers on the market.

Two out of the three lenders also offering CCA regulated loans, which means low redemptions costs, leaving the door open to remortgaging in the future when first charge products follow suit.

For more information www.loanswarehouse.co.uk/broker