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Specialist Buy-to-let mortgage solutions for landlords with no proof of income & adverse credit

06 June 2018 3795 Views
Specialist Buy-to-let mortgage solutions for landlords with no proof of income & adverse credit

If you’re a landlord and wish to raise finance against an existing buy to let property and don’t have proof of income or a history of adverse credit then Lending Expert can help. They have access to a specialist lender product that could help get the finance you need.

Finance is available on none regulated first or second charge basis for buy to let and semi commercial property only. This lender offers landlords flexibility and can assist applicants who don’t qualify with the normal mainstream lenders, or who have previously been refused a mortgage with their current lender or mortgage provider.


This product is available for the following applicant types:

  • Unemployed buy to let applicants without proof of income or earnings

  • Landlords who are in receipt of benefits or who are out of work

  • Landlords who are retired or pensioners over the age of 65 and receive pension income

  • Landlords who have adverse credit such as CCJ’s, IVA’s, defaults, missed payments and a low credit score. Discharged bankrupts also considered

  • Applicants who are first time buyers or who have little credit or mortgage history

  • Applicants who are self-employed without proof of income or who only have limited accounts available

  • Landlords and small business owners who are newly self-employed and have less than 2 years of accounts

  • Landlords who cannot show proof of rental income, and where a copy of the tenancy agreement is acceptable to the lender

  • Portfolio landlords and those who own multiple BTL properties

  • Applicants who are a director and need a limited company buy to let mortgage

  • Applicants who have a family member willing to provide a 25% gifted deposit

  • Ex pat landlords


The following property types are accepted for this product:

  • Residential buy to let property including ex-council houses, flats, maisonettes including High Rise property, HMO & Non Standard Construction properties

  • Semi Commercial property including loans for flats above shops


Key criteria includes:

  • Rental Income from 125% - rental income must cover the new Buy to let mortgage by 125% for basic rate tax payers.  Additional provable income can supplement a shortfall in rental coverage if that is required

  • Loans from £10,000 – £1,000,000

  • Ex-pats landlords accepted

  • Equitable charges available

  • First and Second charge loans available

  • Maximum 75% loan to value

  • No minimum valuation required

  • No minimum 6 months ownership rule, immediate financing is available

  • No minimum income criteria – can have self-employed less than 12 months


Trading, retired or employed clients on low incomes:

  • Adverse Credit – over 12 months old ignored from a pricing point of view

  • Adverse Credit – under 12 months old considered

  • No mortgage history required so First Time Buyers are considered

  • Limited Company buy to let enquiries considered

  • 25% Family Gifted Deposits paid also considered

  • No applicant credit check is required


Lendingexpert.co.uk offer loans and finance solutions from £5,000 to £10,000,000 for a wide range of reasons including raising money for business purposes, buy to let property, debt consolidation and making home improvements. Homeowner Loans are available up to 100% loan-to-value with additional security or a guarantor being provided.

Contact us for a quote online or pick up the phone to speak with a CeMap qualified advisor on
0161 820 8099 for no obligation advice.

Further references:




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