Earl Shilton Building Society
Phone: +44(0)1455 844422
Fax: +44(0)1455 845857
Email: enquire@esbs.co.uk
Name
Buy To Let Mortgage
Category
Conditions
-The property must be let subject to a shorthold tenancy agreement of at least 6 months duration and no longer than 12 months.
-The minimum 'salaried' income is £35,000, after taking into account other mortgages/loans. Any remaining earnings should cover 50% of Buy to Let mortgage. If rental income alone is to be considered, this should equal at least 140% of the mortgage payment on an Interest Only basis.
-Capital repayments allowed subject to a minimum of £1,000 over the normal monthly payment, interest will then be recalculated immediately.
-Overpayments are permitted subject to a maximum of 20% per financial year of the amount advanced or transferred capital balance.
-The minimum 'salaried' income is £35,000, after taking into account other mortgages/loans. Any remaining earnings should cover 50% of Buy to Let mortgage. If rental income alone is to be considered, this should equal at least 140% of the mortgage payment on an Interest Only basis.
-Capital repayments allowed subject to a minimum of £1,000 over the normal monthly payment, interest will then be recalculated immediately.
-Overpayments are permitted subject to a maximum of 20% per financial year of the amount advanced or transferred capital balance.
Featured
Yes
Reviews