Overcoming the challenges
For some advisers, when selecting a Buy to Let lender for their portfolio clients, finding a lender that can offer a suitable Interest cover ratio to maximise the amount of potential borrowing without heavy underwriting on the background portfolio can be a challenge.
But did you know that at West One Buy-to-Let, our rental cover starts from 125% for Limited Company landlords and basic rate tax band applicants, at pay rate on all our 5 year fixed products?
Also, our approach to background portfolios is made simple because we do not formerly stress test background portfolios we check to ensure it is self-financing, we do not require additional verification like E-Tech or EDM, and we can consider portfolio exposure limit up to £5m.
So if you have any clients looking to purchase or remortgage through their limited company or those looking for borrowing with portfolio applications, or you wish to discuss any other Buy to Let enquiry, then please call your BDM on 0333 1234556 or email us at btlbrokersupport@westoneloans.co.uk