13 July 2017
For landlords living outside the UK looking to purchase, re-mortgage or raise capital in property in London and the Home Counties, Ahli United may have the answer.
- Individuals, Private Investment Companies, Partnerships & Trusts
- Prime, Central & Outer London and Home Counties (Home Counties maximum LTV 60%)
- Rental Cover – 80% gross annual rent = 115% of pay rate stressed at 5.50%
- Up to 10% personal net income to supplement rental shortfall considered subject to affordability
- Foreign Currency income taken into account
- Property must be let on an AST
- Rental Assessment is based on occupation of up to 4 individuals (no students or HMO’s)
- Must hold a UK bank account and mortgage direct debits must be paid from this account
- Interest Only or Repayment available
- Minimum loan size £250,000
For more details click here.