Can I extend my buy to let mortgage term?
It is possible to ask lender to extend your term to give you longer to save for the lump sum. This could give you the chance to switch at least some or all of the loan to a repayment mortgage, as by extending the term, your monthly repayments will be lower and more affordable.
Can I get a further advance on a buy to let mortgage?
Borrow more on your existing buy to let mortgage. If you'd like to borrow more on your existing mortgage from The Mortgage Works, you could increase your borrowing up to 80% of the value of your property. This is also known as a Further Advance.
Would I qualify for a buy to let mortgage?
You can get a buy-to-let mortgage under the following circumstances: you want to invest in houses or flats. you can afford to take and understand the risks of investing in property. you already own your own home, whether outright or with an outstanding mortgage.
Which bank is the mortgage works?
Nationwide Building Society
How much is a limited company deposit?
95% loan-to-value mortgages for Limited Company Directors are hard to come by as lenders usually ask for a minimum of a 10% deposit. Higher deposits of 15 - 30% can help Limited Company Directors, and mortgage applicants in general, access mortgage products with lower interest rates or terms that are more flexible.