Minimum Loan Value on BTL Mortgages

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Until recently I have been using a lender for BTL mortgages and was able to purchase properties for as low as 36,000 and pay a 30% deposit of 10,800 and obtain a mortgage on the 70% LTV of 25,200.

However they have now changed their Minimum Loan Value from 25,000 to 30,000 and this means I can now only purchase properties for a minimum of 43,000 which also takes me in to SDLT territory.

Does anyone know of a lender offering BTL morgages on a minimum loan value of 25,000?
02/06/2016 10:31 - Report - Thank this member

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