As an experienced landlord, we can discuss your eligibility to secure a buy to let mortgage with a 15% deposit.
Search today's 85% LTV buy to let mortgage rates:
75% LTV and 80% LTV mortgage rates are available using the filter button.
In order to qualify for a mortgage using a 15% deposit, lenders will want you to meet the following mortgage criteria:
LTV is the percentage of the total value (or purchase price) of the property you want to borrow. For example, a mortgage of £85,000 raised against a property value of £100,000 gives an LTV of 85%, and requires a deposit of £15,000.
Lenders consider LTV percentages when assessing your application for a mortgage. If the LTV is lower it generally means less risk for the lender.
With a lower LTV, rates and fees are generally lower too. To be considered for an 85% LTV buy to let mortgage, you will be required to provide proof of your income, to ensure you can afford the mortgage.
If you can raise a larger deposit up-front, your mortgage will generally be cheaper in the long-term.
You can expect to receive excellent customer service when you work with us.
Once you have all the information you require to invest with confidence, your advisor will submit an application to the lender in question.
Your mortgage administrator will coordinate with you and all parties involved in completing the deal, handling as much of the work and hassle on your behalf as possible.
If you would like to discuss your eligibility for an 85% LTV buy to let mortgage or apply right away, call us or enquire online and we will contact you as soon as possible.