Woolwich buy to let mortgage deals are products with a difference.
Woolwich buy to let mortgage products are different advises the lender. Buy to let deals are available for both experienced property investors and more crucially, first time would-be landlords keen to cash in on the UK rental property market boom.
Property prices have fallen to more affordable levels in recent years. Those investors who choose a competitive Woolwich buy to let mortgage for the purpose of rental return as opposed to capital growth, could see a good return on their investment.
The Woolwich advise that for first time investors no previous mortgage background is necessary. There is also good news for prospective landlords close to retirement as no maximum age limit applies.
Interest only buy to let deals are also available and the sale of the property can be accepted as a suitable repayment vehicle.
A buy to let mortgage application can be accepted with up to 4 applicants per loan. Also split freehold properties can be accepted for up to a maximum of 6 units.
Woolwich buy to let products are available for 75 per cent LTV on new build houses and flats up to a maximum loan value of £500,000. To be approved for a loan the Woolwich requires investors to prove they have a minimum annual income of £20,000.
The lender has advised that property investors may have as many buy to let properties with other lenders as they want and still be eligible for a Woolwich buy to let mortgage deal.
Deal Direct can negotiate competitive Woolwich mortgage rates on your behalf so contact one of our skilled advisers today.
