I knew the day had to come! I thought 85% was always going to be the maximum LTV but then Northern Rock did 97%, GMAC did 89% and now someone has pushed the boat even further and offered 90%!!!!!!!
So how far have they pushed the boat? Well:
1. They offer a 115% rental calculation (instead of 130%)
2. The mortgage is offered to limited companies as well as individuals (which is rare)
3. There is no limit to the number of properties (where most lenders limit you to a specific number)
4. You can borrow up to £5m (the usual limits on buy to let is £2m)
5. Their rates start from 5.09%
I would call that pushing the boat out and then some! If you're interested fill out my form and my personal mortgage broker will contact you within 24 hours.
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