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Mortgages | |
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Loans | |
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Insurance | |
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Membership | |
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About Us |
Buy to Let
Buy To Let Mortgages |
Here are the basic lending criteria for Britannia Buy to Let mortgages:
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Applicant Age |
Minimum 18 at start of application Maximum 75 at end of mortgage term |
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Minimum Loan |
£25,001 |
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Minimum Property Value |
£50,000 |
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Maximum Loan |
£350,000 |
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Maximum Loan To Value (LTV) |
75% |
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Number of properties |
With Britannia, you can have a maximum of three properties or £1,050,000 (total lending) |
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Payment Types |
Repayment or Interest Only |
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Property Location |
UK (excluding Northern Ireland and Isle of Man) |
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Property Types |
We will lend on any standard property. However there are some restrictions, please ask for details. |
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Property Condition |
We will lend on a property that is suitable for immediate letting, but not on a property requiring improvement or repair. |
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Suitable Tenants |
Family members are able to rent out your property Students are allowed as long as there is only one Assured Shorthold Tenancy Agreement* |
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Unacceptable tenants |
DWP (Department of Work and Pensions), company lets, tenants with diplomatic immunity, multiple occupancy including properties classed as a HMO (Home in Multiple Occupation). |
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*This gives a landlord a guaranteed right to repossess a property after an agreed term of occupancy. For example, students must vacate the premises by a certain date when the academic year ends. | |
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- Property must be self financing at 125% profit.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
