Mortgages for Business - Rent to Interest Cover Revolution

Buy to Let Mortgages - Rent to interest cover revolution

Following five Bank of England Base Rate rises and steady rental yields, the dynamics of Buy to Let financing have changed, resulting in increasing pressure being placed on the “rental income to mortgage interest calculation”.  This being one of the fundamental criteria on which Buy to Let mortgage lenders base their lending decision.

In reaction to these changing market conditions, selected Buy to Let mortgage lenders have rewritten their lending criteria.

Therefore Mortgages for Business is now able to offer landlords with established property portfolios, mortgage products that offer:

• Rent to interest cover calculations at 100%, rather than the current market low of 125%.  In short the rental income only needs to match the “interest only” mortgage repayment rather than having to be 25% higher.

For further information on this and other new Buy to Let mortgage product innovations please reply to this email or telephone:

0845 345 6788

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