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liz_a

Btl Mortgage in brand new Ltd Co name - no personal income

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Hi,

Just a quick question. I am thinking about setting up a Limited Company and trying to obtain a btl mortgage. Have around 25K deposit, but only a part time job (circa 8K per year). I currently am living in a shared ownership property where I own 50% and pay rent on other 50 %. I have lived here around 18 months.

Is there any hope of a lender offering a btl mortgage in these circumstances?

Thanks 

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Hi Liz

There are limited company lenders who dont have a minimum income threshold, so there should be options there. You are also a homeowner which is important. Theres a lot more goes into it, but i can say that what you described above certainly doesent exclude you from getting a limited company BTL mortgage.


Stuart Phillips
043_logo_final-tiny.png
AALTO Mortgages Ltd

Independent, Whole of Market, BTL Specialist.

 

http://www.aaltomortgages.com
sales@aaltomortgages.com
0207 183 1101

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Thank you very much for your reply Staurt.

 Would you have any ideas where to start?. I am guessing the traditional high street broker's are a no go?. 

Edited by liz_a
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Most brokers these days should be able to handle limited company BTL if they can handle regular BTL, there really isnt that much difference from a criteria perspective. Because BTL has become much harder, and therefore less lucrative, many brokers avoid BTL these days. As long as you look out for a broker that is actively promoting BTL you should be fine though.


Stuart Phillips
043_logo_final-tiny.png
AALTO Mortgages Ltd

Independent, Whole of Market, BTL Specialist.

 

http://www.aaltomortgages.com
sales@aaltomortgages.com
0207 183 1101

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