According to The Council of Mortgage Lenders, overall buy-to-let lending in the third quarter of 2013 grew with 43,900 loans advanced in this quarter - up 36% compared to last year.
This is a real good news message and with this in mind there are a growing number of specialist lenders who will consider the more complex Buy to Let cases, even those with past credit issues.
If you have a specialist lending case, speak to Henry Schein Financial Services who can assist you in finding a possible solution for your case and can even process the case on your behalf, whilst you retain the relationship and responsibility for the advice with your customer.
Henry Schein Financial Services panel of BTL lenders include a niche lender who can consider:
- Up to 85% LTV
- Professional landlords accepted
- Limited Companies or LLP residential investment
- HMOs accepted
- Student Lets accepted
- Family Lets
- Properties split into units under one title
- Customers with past credit issues - including CCJ's, defaults and previous mortgage arrears
Customers with past credit issues
Although many lenders may have tightened their criteria, there are still lenders who will consider customers with past credit issues. There customers may have been declined by the high-street; however Henry Schein Financial Services have a panel of lenders that will consider various levels of adverse. There are a number of Buy to Let products that are currently available via Henry Schein Financial Services that could be suitable for customers with different types and levels of part credit issues.