Getting any kind of mortgage can be stressful enough. Working with a specialist mortgage broker can help you get access to unique deals, as well as expert advice.
Yes, it is entirely possible to secure a buy-to-let mortgage even if your credit history is poor. It will depend on your individual circumstances and what each lender categorises as “bad credit”. Getting a mortgage with a bad credit score won’t be as straightforward as if your score was good, but it is certainly possible with the right lender.
There are lenders out there who are willing to accept applicants with bad credit. Your application’s success depends on the type of bad credit you have, and other affordability factors. Lenders will look at the cause of the bad credit, and also how long it has been on your file.
It is unlikely that mainstream high street lenders will consider bad credit, so you may need to seek out specialist mortgage brokers who will be able to find deals that can’t be found elsewhere.
As with all mortgage applications, you will need to show that you are able to afford the repayments. Buy-to-let affordability models are based on your projected rental income, and your individual financial circumstances.
With a Mortgage Experience adviser on your team, you can sit back, relax, and make yourself a cuppa, safe in the knowledge that we will be doing all the heavy lifting to find you a suitable mortgage with the best rates available. This gives you more time to pack, and well, do the actual physical heavy lifting (should you wish) as you move into and enjoy your new home or the financial benefits of your remortgage.Get In Touch
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