Friday, Oct 20, 2006

Roll up, roll up, buy to let mortgages for anyone..

Firstrung: Buy to let mortgages offered to 21 year olds by Bank of Ireland

The lender's Buy to Let (BTL) proposition has been given a significant facelift, with a range of improvements, namely: rental income has been reduced to 100%, the portfolio limit has been increased from 1.5m to 2.5m, up to a maximum of 15 properties, the max. individual loan is increased from 400k to 500k at 85% LTV, the minimum age has been reduced from 25 to 21, the requirement of 12 months BTL experience for borrowers seeking six or more (or 750k+) BTL loans with the lender, has been removed.

Posted by converted lurker @ 09:05 AM (611 views)
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