Get a Buy to Let Mortgage Approved Quickly

We specialise in arranging Mortgages for clients with all sorts of credit issues from a missed credit card payment through to bankruptcy, this is our area of Expertise.

Most traditional High Street lenders do not offer Adverse credit mortgages, as the lending they do is primarily based around a High Credit Score. People with credit issues tend to have lower credit scores, however there are a range of Specialist Lenders who are fully regulated by the FCA that are willing to accept clients with credit problems. These lenders only accept clients that are introduced to them from an “Approved Broker” such as ourselves.

Specialist Lenders tend to look at when the credit problems occurred rather than using a pure credit score so this is a much more personal individual assessment. Specialist lenders tend to use a ‘soft’ credit search at this stage so this has no impact on your credit rating but allows the lender to understand your overall financial situation. We will assess your circumstances and choose the best lender and plan to meet your needs.

For a purchase the normal minimum deposit is 15% of the property price, however you may need a slightly higher deposit if there are significant credit problems. You do not need to have the deposit saved up as frequently buyers receive a gift for the deposit from a family member which is perfectly acceptable to mortgage lenders.

Lenders take into account many factors, such as personal income, expected rental income, type of let eg as a single unit or multi let eg. House of Multiple Occupancy. They also take into account other aspects such as the experience of the applicant, any existing buy to let properties etc.