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Need a Bad Credit Buy to Let Mortgage? Learn how we can help

20 November 2019 8223 Views
Need a Bad Credit Buy to Let Mortgage? Learn how we can help

If you’re an existing landlord with bad credit issues looking to remortgage your buy to let property or perhaps buy a new one then you’ll understand that this can be more challenging when dealing with most mainstream mortgage lenders. However, there are a range of solutions for those who have experienced credit problems and now have a low credit score. Having a poor credit rating doesn’t mean you can’t get the finance you need and there are specialist bad credit buy-to-let lenders who can help.

If you have found a buy to let you wish to buy or you need to raise some capital and remortgage an existing buy to property the brokers at Lending Expert can help. Visit the website link or contact their bad credit mortgage specialist direct on: 0161 820 8099 to learn more about your options.

Lending Expert can help with the following:

  • Applicants without proof of income or earnings

  • Landlords who are unemployed or on a low salary or income

  • All types of bad credit issues including past CCJs, missed payments and defaults

  • Self-employed and professional landlords including limited companies

  • All types of property including HMO’s, Non-standard construction property and semi commercial

  • Mortgaging low value properties

  • Mortgaging an inherited property to release capital

  • Unencumbered buy to let properties

  • First and second charge BTL mortgage deals

  • Applicants who have been refused a buy to let mortgage elsewhere

  • Portfolio landlords who own multiple buy to let properties

  • Discharged bankrupts and applicants with a low credit score

  • Flats above shops and semi commercial properties

  • Ex pat landlords

  • Landlords with gifted deposits

  • Solutions for first time landlords 

  • Suitable for holiday homes, student lets and serviced accommodation

What else do I need to know?
Bad credit buy to let mortgages are riskier to the lender which means that they may require a larger deposit or a higher LTV (loan to value) when compared to a borrower who has an excellent credit rating for example. Also you can expect to pay a higher rate of interest on the loan to compensate the lender for the increased risk. Our brokers can help assess your application and give you guidance on the likely interest rates and loans available.

It’s been a few years since I had credit problems how can I find out if they still exist on my credit profile?

If you have experienced credit issues in the past or a few years back then it’s probably a good idea to get an update to see how things look on your credit report today. It might be that your credit score has improved since then and you’re now in a better position to get a mortgage than you realised. Firstly check out one of the many free credit score websites such as Credit Karma, Totally Money or Money Supermarket to find out your credit score. These websites also offer some basic information and reports on your credit profile and current credit commitments. Check everything here is also accurate and up to date. If you find any issues or problems it is best you get these fixed in advance before you consider applying for a mortgage.

If I repair my credit will this help in finding a mortgage?

Yes we definitely recommend you try and repair or fix any issues highlighted on your credit report. The better your credit rating is then you have a better chance of getting the mortgage you want at a lower rate of interest. Those with good credit scores also have more options and lenders available to them within the marketplace. 


If you’re ready to find a mortgage visit the Lending Expert website link or contact our adverse credit BTL mortgage specialist brokers direct on: 0161 820 8099 to learn about your options.



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