Are you a Landlord who is in need of a loan?
Buying a property for investment requires specialist finance. A wide range of finance options are available for landlords to suit the type of property they wish to invest in, and include the following:
Buy to Let Mortgages
This type of mortgage is used when you wish to purchase a property to let out. Most lenders offer ‘vanilla’ style Buy-to-Lets e.g. a standard property let to a single family. Some lenders however will consider more complex Buy-to-Lets, e.g. properties that are let on a multiple occupancy basis (HMOs) or applications from limited companies rather than individuals.
Commercial finance is used to purchase property that is to be occupied by a business for example shops, offices and warehouses. Commercial lenders will also consider Buy-to-Let transactions and are often used for complex Buy-to-Lets or property that is a mix of both commercial letting and residential letting.
Bridging finance is used for short-term funding requirements of up to 12 months. It will often be used for speed, say at auctions or where a property is to be renovated and sold.
Second charge loans
This is a secondary loan on a property that already has a mortgage. It can be used to increase the level of borrowing on a property, where it is not possible or prudent to make changes to the first mortgage.