Can anyone recommend a good Buy to Let Mortgage bank?
My Buy to let Interest Only mortgage is with Platform Homeloans… Searched high and low 3 years ago and got a 0.2% above base rate tracker for the life of the mortgage, with the option to add to my protfolio on the same mortgage deal upto the value of £1 million total investments, at the same rate. Cant recall the exact deal, but with specialist interest only buy to let mortgages, companies will only lend the amount based on the potential rental income of the property. We had to get a surveyor to agree that we would likely rent it for £450, and it needs to be 125% of the cost of the actual monthly repayments. That was 3 years ago, and things may have changed, so shop around. Regarding Platform, I am really happy with this company.
