View Full Version : 15 % LTV on buy to lets
Holmes1981
06-01-2009, 08:51 AM
I have been doing some research and I am struggling to find the above product on offer, I have checked the usual lenders, BM solutions, Bristol and West, Yorkshire etc..
Has anyone came across these deals lately??
sjcollett
07-01-2009, 09:47 AM
nope not a thing seems to be 75% and above :(
hunter
07-01-2009, 13:20 PM
Initial Rate Period Lender Name LTV
4.59% Jan-2012 BANK OF SCOTLAND 85% Existing customers only
5.49% Jan-2014 BANK OF SCOTLAND 85% "
6.70% Full Term ECOLOGY 80%
and the Post Office:
http://www.postoffice.co.uk/portal/po/jump2;jsessionid=SEZBTB0GFDKNSFB2IGVETIQUHRA0WQ2K? catId=86600737&mediaId=86700737
But I don't know if anybody actually got any of this deals.
RomansProperties
07-01-2009, 16:51 PM
Just looked at the post office rates they are very high for 85% LTV's
What type of property do they cover?
hunter
07-01-2009, 17:59 PM
Yes, very steep. Surely more expensive then most SVR's.
You can find the lending criteria are on their website (left hand side of the screen)
RomansProperties
07-01-2009, 18:29 PM
We mainly have houses converted into studio and 1 bed flats so they are no good for us.
Hopefully more mortgage companies will enter the market again soon
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