Mortgages for landlords running property as a business: limited company purchases, portfolio refinances, HMOs and holiday lets. We stress-test the deal properly before we ever approach a lender.
Buying the next property at a discount? A below market value bridging loan can fund the purchase against the value rather than the price, with a refinance onto a limited company investment mortgage afterwards.
Many buy to let purchases in Scotland start as a bridge: an auction lot, a flat that needs a kitchen and a rewire before a term lender will look at it, or a closing date that will not wait. Once the work is done and the property is let, the bridge is repaid by a buy to let loan, ideally against the new value. Our page on bridge to let finance covers the two refinance tests and the six month rule, and the bridge to let calculator shows how much of your cash stays in the deal.
Lenders test rental cover: typically 125-145% of the mortgage payment at a stressed rate of 5.5% or more depending on structure and tax band. We run your figures through that arithmetic first, tell you the maximum sensible borrowing, and only then go to market. It is the difference between a real offer and a headline rate that dies at underwriting.
Investment lending only. We arrange finance for business landlords and limited companies; consumer buy-to-let (letting a home you previously lived in) is regulated and not something we arrange.
Missives, standard securities, LBTT and lender coverage all work differently north of the border. Read our guide to property finance in Scotland.
A tax question as much as a lending one; company borrowing usually offers fuller interest relief but slightly higher rates. Take advice; we will model both sides of the lending maths.
Some genuinely do, especially proven holiday lets on tourist routes. Others cap LTV or decline. Knowing which is which is the job.
You are a portfolio landlord in most lenders' eyes, and the whole portfolio gets assessed. Have a schedule ready; we will template one for you.
The property, price, expected rent and structure. We will send back the stressed maximum borrowing with our indicative view.