95% LTV BTL Mortgages for ‘Pucka’ Properties

What’s a pucka property?

Well if you can find a property that values up in excess of what you’re buying it for then lenders are happy to lend at what it values for as long as you put in 5%.

So if you find something to buy for £100,000, the lender will lend a maximum of 85% but based on value rather than purchase price and the max loan would be £93500 (85% of £110000).

All you have to put in is the £5000 deposit. These deals are limited to 2 per customer but there is a rumour that they’re going to increase this to 10 per customer.