How many buy to let mortgages can I have?
There’s no limit on the number of buy to let mortgages that any one person can hold.
We have many clients that have over 10 properties in their portfolio and a few that have more than 50!
If you have 4 or more buy to let mortgages you will be classed as a portfolio landlord. This means that the underwrtiting criteria gets a bit tougher and you will need to provide more information than normal.
Each lender will have their own limits on what they will lend a single borrower, across many properties.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.