Santander now accept Self Employed applicants for BTL mortgages

santander mortgage broker btl mortgages vcardiffSantander have announced that they will now accept applications from self employed individuals for buy to let mortgages. Previously a self employed person could only apply if a qualifying joint applicant was employed and met the minimum income requirements. Santander still  has minimum income requirements which need to be met by income from non-property derived sources.

This adjustment in criteria will give greater choice to self employed property investors. Santander offer competitive buy to let mortgages, with both fixed and tracker rates being currently available. The service levels are also consistently good which provides relatively speedy processing.

If you are currently looking for a btl mortgage broker Cardiff, contact one of the Harvey Bowes team today on 029 2067 6716.

 

YOUR PROPERTY MAYBE REPOSSESSED IF YOU DO NOT KEEP UP REPAYENTS ON YOUR MORTGAGE

 

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TMW lift maximum age on BTL mortgages

BTL MORTGAGE BROKER CARDIFF PINThe Mortgage Works have changed criteria in respect of their maximum age limits. Previously a property investor could take a mortgage term up to age 90, however, this limit has been removed. At the same time, the lender has implemented a maximum age of 70 at time of application.

This change in criteria has a  number of benefits to property investors. Particularly in succession planning where perhaps an older applicant adds a younger person such as a son or daughter to the mortgage and is therefore looking for a longer term in order to suit the circumstances of the younger person.

To find out more information, contact one of the team at Harvey Bowes on 029 2067 6716

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

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