80% LTV buy to let mortgages and above
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Ascot Mortgages are now able to offer 80% Loan-to-Value Buy to Let Mortgages which has been designed to cater for all types of property investors from first-time landlords to experienced property investors. We are delighted to be able to offer this High LTV Buy to Let Mortgage and feel certain that Landlords will welcome the news that more higher LTVs are becoming available!
The increase in the loan to value on our buy to let mortgages demonstrates our commitment to helping landlords without a large deposit. This BTL deal will no doubt be very popular with our clients and as it is provided by a specialist lender we recommend any potential investors interested in our 80 LTV buy to let mortgages should get in touch with Ascot Mortgages as soon as possible!
High loan-to-value buy to let deals for landlords
High loan-to-value buy to let mortgages are slowly starting to return to the mortgage market. With our unbeatable 80% Buy to Let Mortgage.
Many lenders cut back on their buy-to-let lending between 2008 and 2010 which meant many buy to let investors found obtaining new mortgages very difficult unless they were able to raise sizable deposits, with some lenders asking for over 40%. During the last 18 months especially many investment landlords have been unable to expand their property portfolios as they have reached their maximum with the mainstream lenders.
“With our new high LTV Buy to Let mortgages, Ascot Mortgages are specialist buy to let mortgage brokers and we are able to help landlords take advantage of good investment conditions and low interest rates, good news for landlords and good news for the property market in general”
Before the recession hit, Buy to Let mortgages where getting close to the deals available to the residential market. However when the recession hit, the higher loan to value Buy to Let mortgages where among the first to be pulled from the mortgage market. What was left where 75% LTV mortgages with high arrangement fees, making them overall a great deal more expensive. This new 80% LTV Buy to Let mortgage is certainly a promising sign that the Buy-to-Let sector is strengthening, and certainly an incentive for any property investors who are looking to remortgage their buy to let Property in order to release funds enable new property acquisition.