Together reduces its adverse credit buy to let mortgage rates.
The buy to let lender Together, has announced that it has cut its adverse credit buy to let rate for up to 70% LTV by 0.65%.
For those with adverse credit over the last 12 months a rate of 8.6% is on offer. Affordability is based upon 120% rental coverage, and the lender advises it will take personal income into account.
Together advises this product is aimed at borrowers who are not being served by high street lenders, such as those with a poor credit history.
If you are looking for a buy to let deal and you need a mortgage, call us at Deal Direct. We can compare all products against this new Together mortgage to find you a low rate offer.
Whatever you circumstance we will search the market on your behalf to find you a deal that could enable you to invest in property. We will compare all products available from both high street lenders and more niche mortgage providers to find you a competitive deal.
At Deal Direct we are fully regulated by the FCA to offer mortgage advice. Our advisers specialise in sourcing buy to let deals and can offer free no-obligation mortgage advice, however they cannot advise you as to the suitability of property as an investment. For more general financial advice, you will need to contact an IFA.
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 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.
Call us today on 0800 048 8828 for a buy to let deal.
