Are there any lenders who lend up to 90% or 95% LTV on buy-to-let?
Answered on 3 February 2019 by Nick Morrey
Are there any 90 or 95% LTV BTL Mortgages?
90% or 95% loan to value buy-to-let mortgages
A deposit for a buy-to-let is around 25% of the property value, which means the maximum LTV would be 85%. Often buy-to-let mortgages can vary greatly and the offers available are subject to many different factors, e.g. how much deposit you can put down, how much you can pay back every month, etc. Alongside this, lenders will use a rental affordability calculation to determine whether they think your buy-to-let mortgage is financially feasible - this means that the monthly rental income for you new property must be at least equal to 145% of the monthly mortgage payments on an interest-only basis using a nominal rate of around 5%.
If you can raise or have access to additional funds or would like to talk through what's available in more detail, then please let us know on 0330 433 2927, and we'll arrange a suitable time for you to talk to one of our consultants.
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.