In recent years, most lenders have started treating clients who own four or more properties differently, with added restrictions and criteria. In many cases, it’s not just the subject property that needs to fit a rental coverage calculation but the properties that are owned in the background as well. Lenders have increasingly imposed minimum non-property-based income criteria and landlords face increasing income tax obligations, with many moving toward limited company ownership structures.
At Pinnacle, our BTL finance experts will work with you to understand your full portfolio, whether owned by you or your limited company, and are on hand to refinance the individual properties at the optimum times. We are also able to help with a full or partial portfolio refinance if required.
Depending on your circumstances you may have a wide selection of mortgage companies willing to offer you the mortgage you desire. With access to thousands of mortgage deals, our experts will find you the most suitable deal.
The minimum deposit required is 5%. By reaching 10%, or beyond, you will find that your options greatly improve, alongside the interest rate offered. There may also be minimum deposit requirements if you are purchasing a flat, which we can advise.
We have vast experience in this area, and offer tailored, strategic, poor credit mortgage advice, with the view to getting you the mortgage that you desire.
We deal frequently with those who may have had a mortgage already refused. Due to the scope of our access it is very likely that we can find an alternative option that turns your negative in to a positive. The key is understanding why your mortgage failed in the first place.
This depends on a thorough review of your income and committed expenditure. Lenders very significantly in what they offer, in terms of reviewing your overall profile. Sadly this is not a simply answer, which is why you want your mortgage in safe hands.
We offer a wide range of mortgages from buy to let solutions, re-mortgages through to first time buyer and high mortgage loans. Your options range from fixed rate deals, through to tracker, discounted, or variable mortgages.