I joined LIFT-Mortgages in September 2021 as they were looking for someone to help them expand their offering in the specialist lending space. As a result, we have seen this area of the business going from strength to strength. I specifically focus on this niche area which covers buy-to-lets and unregulated bridging finance for investment purposes, as follows:

Buy-to-let mortgages

A buy-to-let mortgage is required for any property that you plan to let out long-term on a tenancy agreement. Here are some key points to consider if you are looking into a buy-to-let mortgage: 

• Lenders will generally assess affordability on a standalone basis against rental income received, so your personal income and expenditure will not be considered in most cases
• It is not always necessary to own your own residential home to qualify for a buy-to-let mortgage
• Broadly speaking, you will require a 25% deposit for a buy-to-let
• Several lenders have no maximum age, allowing investors to use buy-to-let portfolios to fund retirement
• Lending can be taken in personal names or structured within a Limited Company or Limited Liability Partnership

Our areas of focus:

• Portfolio & Limited Company landlords
• Restructuring and incorporating portfolios to a Limited Company
• Purchase and refurbishment of Houses of Multiple Occupancy (HMOs)
• Lending on HMOs, multi-unit blocks and small commercial investments
• Capital raising within the portfolio to purchase further properties

Un-regulated Bridging Finance (investment purposes):

A bridging loan is 'unregulated' when the property being used as security is for a business or investment purposes. It will never be occupied by the borrower or any member of their immediate family. A bridging loan can also become unregulated when it is taken out under the name of a company instead of a person.

Our areas of focus:

• Auction purchases
• Refurbishment projects, including HMOs
• Finance acquisition while planning permission sought
• Short leaseholds and leasehold extensions

Regulated Bridging (own home):

A bridging loan becomes 'regulated' when the loan is secured against a property that is currently occupied, or it will be occupied in the future, by the borrower or any member of their immediate family. A regulated bridging loan can either be the first or second charge.

Our areas of focus:

• Traditional 'chain break' / downsizing
• Refurbishment, where property may not be habitable
• Short leaseholds and leasehold extensions
• Property conversions –for example, multi-units being converted to a single dwelling

How LIFT-Mortgages team help you? 

We can source the best product for you from the whole of the mortgage market, including several lenders that only offer products through selected brokers. We also have access to mainstream mortgage lenders, plus exclusive rates that you will not get in the branches or online. Most specialist lenders only offer their products through experienced brokers, on an advised basis.

If you would like our help with specialist lending, get in touch today at info@lift-financial.com

 

 

 

 

Your property could be repossessed if you do not keep up repayments on a mortgage or other loan secured upon it.