1.Stress Testing Rental Income:
Traditional buy-to-let mortgages are assessed based on the property's rental income using an Interest Coverage Ratio (ICR). We calculate the maximum borrowing amount by considering the ratio between rental income and mortgage payments.
2.Affordability Based Lending
Some lenders assess buy-to-let applications using personal income in addition to rental income, similar to a residential mortgage application.
3.Top Slicing:
This hybrid approach involves using your disposable income to bridge gaps in traditional stress testing if needed, providing flexibility with certain lenders.
Limited Company Buy to Let:
Limited company buy to lets are gaining popularity due to tax advantages. Our application process mirrors personal buy to let, with lenders typically requiring a personal guarantee from directors. Most lenders prefer these applications in a Special Purpose Vehicle (SPV), specifically for property transactions.
HMO Mortgages:
If you're considering houses in multiple occupation (HMO), we guide you through the process. HMO properties can offer substantial monthly income but require proper handling. We assist with specific HMO products, considering rental income on an individual room basis. Some lenders may require landlord experience for HMO applications.
At Golden Trust Capital, we bring a decade of experience, expertise, and tenacity to address even the most complex financial requirements. Our team continuously pushes boundaries, challenges lender criteria, and collaborates with industry leaders to pilot new schemes. We offer a wide range of investment mortgages, including buy to let, SPV limited company funding, bridging finance, HMO mortgages, multi-unit-freehold blocks, commercial finance and development finance.
Discover a partner committed to delivering service excellence for landlords and investors nationwide. Whether you're navigating buy to let complexities or exploring diverse investment opportunities, Golden Trust Capital is here to guide you. Contact us on 07976 703805 to take the next step in your property investment journey.