Axess Financial Services

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  • Best of a Broker
  • Best of a Comparison Site
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Expert advice to save you time and money
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  • Up to 75% purchase price
  • Higher the deposit lower the rate
  • Borrowing based on rental income only.
  • Rental multiples from 100% – 120%
  • Fixed and tracker rates
  • Exclusive products
  • Adverse credit

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Buy to let (BTL) mortgages are for those looking to invest in property. With the turmoil in the mortgage market this could be a sound investment. With the restriction in the number of mortgages available and continuos rise in house prices, many will be looking to rent rather than to buy. So it is an opportunity to take an advantage of the falling prices.

Two important criteria for buy to let mortgages are:

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  1. Rental income
  2. Your income

Mortages
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  • Search for rates from whole of market.
  • Experienced advisers ready to help.
  • Call to discuss your options.
  • Best buy tables – guide to best deals at 75% LTV
  • Help if you have adverse credit on file.
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  • li class=”specifics1″ type=”1″Rental income – The calculation varies for different lenders. There are mainly two ways.
  • Straight forward- rent needs to be 125% of monthly mortgage payments, on interest only basis.
    Example: Property value = £200,000; Loan= £150,000 (75%); Mortgage interest=4%. The monthly mortgage then = £500.
    The rent needs to be at least 125% of £500 = £625 per month
  • Default interest rate- rent needs to be 125% of monthly mortgage payments based on a specific interest rate set by lender; on interest only basis.
    Example: Property value = £200,000; Loan= £150,000 (75%); Mortgage default interest=5.25%. The monthly mortgage = £500, The Monthly mortgage for rental calculation= £656.25.
    So the rent needs to be at least 125% of £656.25 = £820.31 per month

 

 

  • Your income – Two types of lenders.
  • Those requiring a minimum earned income (excluding rental) e.g. £25,000 or £50,000
  • No minimum income, but some level of reasonable income (shown on bank statements).

Our guides to the mortgage process

Best Buy Mortgage Rates
Rate Finder/a>
Mortgage Handbook

Lender database
Mortgage Guide

Equity Release
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  • Search for rates from whole of market.
  • Experienced advisers ready to help.
  • Call to discuss your options.
  • Best buy tables – guide to best deals at 75% LTV
  • Help if you have adverse credit on file.

Mortages
doorway
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  • Search for rates from whole of market.
  • Experienced advisers ready to help.
  • Call to discuss your options.
  • Best buy tables – guide to best deals at 75% LTV
  • Help if you have adverse credit on file.

    Call us on 0208 7617771
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