Masthaven unveil buy to let range
Masthaven, a specialist mortgage, second charge and bridging lender, have unveiled their first buy to let range. Five year fixed rates start from 3.43% based on pay rate with a maximum portfolio limit of 8 properties. The range is geared towards customers with adverse in the last 2 to 3 years, older borrowers and limited company SPVs or trading companies.
Key product highlights include:
· Two year fixed rates from 2.94% up to 75% LTV
· HMOs with up to 6 bedrooms
· No credit scoring
· Max age 85 years at end of term
· Consumer buy to lets
· First-time landlords
· Ignore CCJs/ defaults < £300 or > 36 months old or incurred in months 24 – 36 and now satisfied
· DMPs satisfied > 24 months
· Trading companies and SPVs accepted
Here to help
For help placing a case, contact our Specialist Lending & Protection Team. Call us on 01702 538 800 or arrange a call back.