Find a flexible buy to let mortgage before the low-rates disappear.

Mansfield Building Society has reviewed its lending criteria for its buy to let mortgage range, making it easier for landlords to gain approval for their application. Personal income will now be factored into the affordability calculation.

However, last week’s rise in the base rate means that lenders are now reviewing the rates they offer, including Mansfield. Some lenders will withdraw ranges and/or raise their rates while others may lower their rates for a limited time. This means that what is available today may disappear by tomorrow.

While lenders are sorting themselves out, the advice is to act as swiftly as possible to secure the best rate plus a flexible approach to underwriting the loan.  

Therefore, if you are a landlord looking for a great deal, now is definitely the time to act.

Contact mortgage broker, Deal Direct, for expert assistance in finding a low-rate buy to let mortgage offer from a lender with flexible lending criteria.  

We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.

Please note: 

Buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

For flexible buy to let mortgages, call 0800 048 8828.