MORTGAGES
Residential & Buy to Let Mortgages
With excess to a wide range of mortgage lenders as part of our panel, Key Capital is ideally placed to help you find the best Mortgage and guide you through the process to completion.
Whether you want to purchase a property or remortgage one you already own, we are here to help, we can help you secure the most appropriate mortgage terms. With so many different mortgage options to choose from, it’s not always easy to work out which one is going to be the right choice for you. We’ll scour the terrain in order to get you the best possible deal.
In order for you to get a proper, in-depth understanding of the mortgage service that will best suit your current requirements; we would be very happy to arrange a free personal consultation with you.
CRITERIA HIGHLIGHTS
- Market leading rates
- Up to 90% LTV
- Earnings in Foreign Currency
- Remortgage & New Purchase
- No UK mortgage history required
- No minimum income (Buy to Let)
- Limited Company & Offshore Structures
- Employed & Self Employed Applicants
- Large Loans – No maximum cap
PLEASE CLICK HERE TO FILL OUR ENQUIRY FORM or CALL US ON OUR UAE NUMBER 0503353876 OR UK NUMBER ON 0044 20 3687 0533
Property Types
- Residential Properties
- New Builds Houses & Flats
- Holiday Lets
- HMOs – Houses with Multiple Occupants
- Multi Unit Freehold Properties
PLEASE CLICK HERE TO FILL OUR ENQUIRY FORM or CALL US ON 0044 (0) 20 3687 0533
You can leave us your contact details via our enquiry form, or you can call us during business hours and we will return your call at your nearest possible convenience in order to discuss in more detail the buy-to-let mortgage product that Key Capital may be able to secure for you.
Frequently Asked Question
We are happy to answer your queries on the phone or in person but here are answers to some of the most frequently asked questions we receive regarding buy to let mortgages.
Typically you will need a minimum 25 per cent deposit for a buy-to-let mortgage, with the rental income effectively defining how much you can borrow.
With some lenders, if the rental is not sufficient, the personal income of applicants can be taken into account to increase the loan amount.
We also have access to lenders who will consider applicants looking to buy property in a limited company.
Similar to traditional mortgages secured for a private individual, a limited company buy to let mortgage is different in that it is secured under a company which is eventually owned solely by you or with your co-investors. Your co-investors can be your family members or business partner(s). The majority of the lenders will accept up to four shareholders/directors. A property investment company is a special purpose vehicle which is an alternative to borrowing in your own name.
The Bank of England’s PRA (Prudential regulatory authority) has set out new guidelines on rental stress test for buy to let mortgage. A rental stress is method which is applied by lenders to calculate your maximum loan amount based on the rental income from property. The broad guidelines are:
- Lenders should assume a minimum borrower interest rate of 5.50%. The reason behind is that lenders should take account of likely future interest rate increases.
- Interest Cover Ratio to be increased from 125 per cent to 145 per cent (This is has been introduced so that lenders should take into account all the management costs plus the borrower’s tax position, especially given the recent changes to tax relief mentioned above.
The maximum loan amount depends on the renal income from the property. For example, if the monthly payment to the bank is £1000, the bank would expect rental income from £ 1250 to £1450, depending upon the ownership structure.
The £1000 payment will generally be calculated at a notional rate of 5.5% although you might be borrowing at a much lesser rate. The only exception to this is a five year fixed rate product in which case the monthly payments are calculated at the pay rate or very close to the pay rate.
Yes, we have worked on similar transactions in the past and we can arrange commercial finance for both commercial and semi commercial properties.
We can arrange both acquisition and refurbishment finance for a shorter period of time to complete the project after which a long term mortgage can be secured based on the end value of the property.
