New Lower Mortgage Rates For Buy to Let Portfolio Landlords

I said in a recent video that getting buy to let loans is a little more problematic for portfolio landlords. A portfolio landlord is defined as someone with 4 (mortgaged) properties, whether that's 4 or in your name, or 4 in a limited company, or 2 in your name and 2 in your limited company, or 1 & 3, or 3 & 1 etc etc. I'm sure you get the idea. It doesn't matter how you split them, if you have 4 or more, you are a portfolio landlord. Now when I say it's more problematic getting finance, I don't mean it's impossible, or that it's really hard, but there are extra hoops to jump through. And lenders will look at things like the overall LTV across your portfolio and not just the LTV on the property you are financing. So It's nice to be able to bring you good news if you are a portfolio landlord. One of my favourite lenders has tweaked their rates lower for portfolio landlords. Here are the headline terms: 3.30% 5 year fixed 75% LTV Product fee - 1.50% Free mortgage valuation £750 cashback £299 application fee APRC - 4.10% Or there's a similar product with a nil product fee but a slightly higher rate 3.65% 5 year fixed 75% LTV Product fee - NIL Free mortgage valuation £750 cashback £299 application fee APRC - 4.10% If you'd like full details I'm very happy to introduce you to my mortgage broker. Just email and I'll put you in touch. thepropertyteacher@gmail.com Just to be clear, I really don't mind if you don't use my mortgage broker, but when applying for finance (especially specialist finance like buy to let finance) you do need to use A mortgage broker. That's why I'm not telling you who the lender is. If I did name the lender, despite my warnings, someone will try and apply direct. But (most) lenders don't want you to apply direct. They want you to use an intermediary who understands the market and who can confirm that this is the best mortgage product for you. And I should say, if you do contact my broker and you end up doing business together, he will pay me a small commission. As far as I know, this doesn't affect you as he doesn't charge you extra, he just shares with me a small part of the fees he'd receive anyway. Here's to Successful Property Investing. Peter Peter Jones (ex) Chartered Surveyor, author and property investor https://www.ThePropertyTeacher.co.uk PS. By the way, I've rewritten and updated my best-selling e-book, The Successful Property Investor's Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same. For more details please go to: https://www.ThePropertyTeacher.co.uk/the-successful-property-investors-strategy-workshop